Despite Amazon having its most successful shipping day in history, insurers are still grappling with the risks stemming from the conglomerate’s need for speed.
Global supply chains were once thought a way to reduce both risk and cost. With tariffs and sanctions on the rise, those far-flung networks suddenly seem exposed.
Uncertainty in international trade, the rising popularity of product boycotts and the dominance of Amazon in the e-commerce market are just some of the risks retailers should keep on their radar.
Distributed ledger technology has the potential to improve supply chains worldwide and to minimize product recall losses. Now is the right time to prepare for widespread adoption.
A new UN report warns that climate change will have dire effects on the global food and water supply, potentially making some parts of the globe uninhabitable and begging the question: when will we get serious about climate change?
Consumers are increasingly interested in eating organic and understanding the path of their food. One technology making advanced supply chain tracking a reality is blockchain.
Businesses will certainly want to insure catastrophe-related crop damage as well as keep supply chain coverage, but that could be difficult to insure as climate change continues its devastating wrath.
Food recall costs billions in waste and lost inventory. Experts say blockchain could reduce the losses by increasing transparency and making it easier to trace the source of contaminated food.