The Future of Canada’s economy.

Blockchain and the Internet of things (IoT) are two recent technological advancements transforming different industries.

Industries are finding Blockchain and IoT two most important strategic technology trends in 2020, According to IDC, 20 percent IoT deployment involve basic levels of blockchain services enabled.

Blockchain is a type of distributed ledger which provides characteristics like traceability, auditability, security, and efficient collaboration.

IoT is a network of smart physical objects and things capable of connecting to that network to send and receive data.

In the following sections, find out key value drivers that the combination of blockchain and IoT provides for contemporary supply chains.

Global Supply Chain FinancingSupply chains involving parties across borders and cross-border transactions require voluminous paperwork and bureaucracy.

Food traceability is the most awaited concept in the growing health conscious population.

According to the latest report, the chances of dishonest activities are possible in any part of the supply chain.

The red meat is vulnerable to many problems including illegal slaughtering, improper storage, and prolonged preservation.Here food traceability becomes a necessity to know if the meat we consume is actually qualified as a safe product.

Tracefood provides end to end traceability solutions to make your supplychain more transparent building complete trustworthiness with Blockchain solution for beef and Blockchain in Pork IndustryThe meat and poultry sector can be broadly divided into 3 categories: beef, pork, and poultry.

Another report states that semi cooked or ready to cook spicy meals were particularly vulnerable to this crime, as the swap cannot be found due to being overpowered by other flavours.There are many cases reported in UK where they transport horses posing them as leisure utility and slaughter them in illegal places and mix them up with other meat.Diseases Many countries have prohibited the import of pork that have been given ractopamine - a feed additive drug used to increase he muscle of the pigs instead of fat.

Downfall in the health of the farm leads to pigs easily vulnerable to swine flu and other dangerous illnesses that spread up rapidly.Trade issuesPork industry is prone to many wet markets which show no interest in quality and legitimacy.

Low safety stock globally is fueling demand beyond Christmas, and full relaxation is not like before Q42022, consultancy firm Accenture said in its latest report.

"Only moderate and long-term effects of short-term actions (e.g.

U.S. government on port congestion, carriers ordering additional vessels) are likely," the report, Accenture Logistics Radar, said.Accenture's suggestions include:1.

Identify short-term alternative transport modes (e.g.

Coca-Cola using bulk transportation; rail freight from APAC)2.

Multi-echelon supply chain analysis and improvement to deliberately use existing inventory to increase supply chain output (reduce safety stocks) Read More...www.logupdateafrica.com

Agility Ventures, a corporate venture arm of global logistics provider Agility, has committed to an ambitious environmental strategy by investing18 million in green supply chain technologies so far.

Agility also launched its latest sustainability report, 'Values into Action'.

Agility Ventures has made green technologies one of its four core investment areas.Read More ............

The founders take great pride when called upon to provide a private logistic service for high value and expedited shipments.https://357company.com/ 

Supply Chain Network Design - Overview  Perceive that an's organization decides its store network skill and consumer loyalty.

There are five vital inquiries that should be replied to:  What business is the organization in and why?How might esteem be added to the business?What are the aim business sectors?What are the items and for what reason will clients buy from this organization?What capacities are expected to guarantee that the organization adds esteem and separates?

This is by and large since activities methodologies are not created or executed with a similar situation plan or thoroughness that is given to the more frequently apparently intriguing issues of business sectors and items.

 Mission and vision explanations, plans, objectives, targets, and execution measures while significant for driving execution, frequently don't guarantee that abilities will be worked for situations from the business procedures.

Accomplishing clear and supported arrangements between tasks execution and the plans got from business methodologies is testing.

The administration is worried about the arrangement and how execution can best be utilized as an empowering agent of business systems as opposed to an inhibitor.

Know the importance of supply chain management and the role of supply chain management in organization's success.

Read how SCM can help in growth of an organizationhttps://www.forceintellect.com/2018/05/14/importance-of-supply-chain-management/

Organizations around the world are looking for ways they too can deploy chatbots in their company and drive rapid performances.

The manufacturing industry is keen to adopt chatbots as well.While the use cases we’ve mentioned are very generic, chatbots do have specific niche applications for the manufacturing industry, which can be the game changers for this sector as a whole.

Let’s take a look at a few probable situations:Also Read: AI In Manufacturing — Top 10 AI Manufacturing Use CasesSUPPLIES AND INVENTORYOften, the manufacturing industry experiences losses because supplies are collected even before a need for them is displayed.

They can obtain specific information they’d require in order to process orders successfully.Chatbots that are combined with messaging apps allow managers and customers to order additional supplies when required via the same interface.

The bot takes their requests and converts them into a formal order and facilitates successful fulfillment.ORDER FULFILMENT AND DELIVERYIf products meet desired expectations, delivery is typically the last step of the supply chain management lifecycle.

Chatbots facilitate the efficient functioning of this step — managers and buyers can simply ask queries in human language to obtain information about pending orders and current inventory.

Every organization, especially in the manufacturing industry, involves a cycle of people, processes and supply chain to create a positive consumer experience.

The lifeblood of every business is to get their products/services into the hands of the customers.

Hence, it needs an efficient sales order processing to fulfill a customer purchase.

If not done right, it could be the ultimate downfall of your business.

Be it out-of-stock items, errors in sales order entry, or slow cash flow, all can hurt your company’s performance.

Managing an enterprise innovation team in a big company is akin to managing a supply chain Start-ups, VCs, incubators and universities supply the components that business leaders need to keep pace with market demands and stay ahead of competitors.

Getting an innovation supply chain to run smoothly requires tools, people and process.In this 3-part blog series, we’ll share what we learned by hosting a workshop for over 60 innovation leaders representing a cross-section of companies in the Fortune 500, as part of the Innovation Leader Field Study held in San Francisco.

We’ll highlight what the participants felt was working – and what wasn’t – and present a few successful practices in each of the three domains essential to a well-run innovation supply chain: The internal network – how to align with the business to understand their needs and priorities to inform what types of companies and technologies are potentially a good fit.The external network – how to build and grow a network of potential partners who have the ideas, technologies and people that are best aligned with the needs of the business.The innovation team – how to establish effective collaboration and clear processes across teams, geographies and functions to eliminate redundancies and improve effectiveness.

KEY LEARNING AND INSIGHTS: INTERNAL NETWORK The majority of participants agreed that a successful, strategy-driven innovation program depends upon developing relationships and a successful working style across internal teams.

Where innovation teams seek to align closely with executive leadership and business units to understand where the gaps are in terms of what the company is going to build or buy, and where there is a need to form external partnerships.

Being in lock-step with the business allows the innovation team to focus their scouting efforts on the most important strategic initiatives.