SMEs are the growth engine of our economy and employment: FedEx India

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/

And if we talk about Canada, the manufacturing sector there is known to be one of the significant contributors to the country’s economy.The Covid-19 pandemic has exposed the fragility of every industry, and the manufacturing industry has been no exception.

With the global economy reviving slowly but steadily, the manufacturing industries of Canada have also begun to leap towards growth.As per the data available recently, the manufacturing industry of Canada stands at $174 billion of its GDP, which is more than 10% of its total GDP.

The major manufacturing industries in Canada are automobiles and aerospace.Traditionally, Canada’s services and natural resources sectors were the major contributors to the country’s economy.

The recently revived Canadian manufacturing industry is gradually becoming the major contributor.

It boasts a highly skilled and specialized workforce that includes engineers, technicians, researchers, and salespersons.

With a growing manufacturing sector, the demand for highly skilled workers is also growing.The manufacturing industry in Canada has quickly adopted modern technologies and has brought about innovations in the manufacturing process.

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.

Blockchain Firm is the pioneer of implementing blockchain supply chain management solutions.

If you’re thriving for a supply chain software development company, then it’s your destination!

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 ............

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.

Meat supply chain management has been made simpler these days right with the integration of blockchain in meat despite the complexities involved…The global meat production, processing and supply involves a vast set of elements and data and so that it is vital for every supply chain system to track, trace and present the data.

Even though it seems to be inevitable for the smooth processing of the meat supply chains, it is not that much easier to achieve.Yet, the community of meat manufacturers, processors, retailers, packers and the consumers very much rely on this vital information and they demand it the most than anything.So, what would be the viable solution for this challenge?

Yes, it is the technology blockchain in meat that could help us in addressing out this major traceability challenge appropriate to the meat supply chains today.

Since blockchain is basically a public ledger of information that helps store the processed data in any sector, it fits the most in this case.The blockchain technology for meat has come up as a decentralized network helping each and every network participant to be aware of the overall system data in the supply chains right from the production to the table.Not only the tracking and tracing of data can be done via the meat supply chain blockchain; Beyond that, the technology finds its importance as well in customizing the overall data flow between the producers and the consumers thus making the entire value chains efficient ever.How does the meat supply chain blockchain account for data transparency?With the rising challenge of fraudulence and misconceptions in the food industry, there comes an inevitable need and demand for the production of organic and highly sustainable food items from the consumers’ side.In order for the organizations to meet this unavoidable demand over time, craving out for the best technology solutions that could help strategize the overall supply chain cycles has turned to be an essential aspect so as to ensure the sustainability of the products in the industry.

Here comes a need for the enterprises to provide complete end-to-end data transparency to the end users in order to make them satisfied on the go with ease.But this is not just a simple task to do as the supply chain systems are very much complex to retrieve data in nature.

Yet, we have a wonderful technology which is nothing but the blockchain in meat that has been evolving out in disclosing the overall data about the products to the consumer community with ease.By the way, the global food safety and provenance levels will get improve a bit forward and so that attaining out a fraudulence free food market is quite possible with blockchain.What we (tracefood) are and where we stand today?Tracefood is a food technology solutions provider operating out with a vast level of experience and expertise in the field of food supply chain management.

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.

More lately,'blockchain' has become getting paired with'supply chain', as attention is starting to assemble as to if it has the capability to unlock untapped value from the supply chain and logistics sector.What is ‘blockchain’?To put it simply; electronic data creates the'block' component, and a public database would be the'series'.

It was devised in 2008 to encourage bitcoin -- an electronic cryptocurrency which works independently from a financial institution.Available to countless thousands of connected computers all around the planet, every trade is recoded on a block and numerous copies of this ledger, meaning documents can not be changed retroactively with no alteration of their subsequent blocks.

This makes blockchain exceptionally transparent.

Additionally, it is highly protected, although not only are the trades and ledgers encrypted but since they are not included in a single central place, they do not possess a single point of failure to allow hackers to infiltrate.Also read: - Blockchain Boom – Supercharge Your Tech and UX Skills TodayHowever, is there worth for supply chain?The significance of supply chainCertainly, blockchain characteristics of transparency and security are tremendously beneficial for supply chain, particularly the latter.

Contemporary day supply chains now are incredibly complicated, comprised of numerous elements; manufacturing, procurement, logistics, sales, clients -- to mention a few -- and having all these elements, monitoring an item's journey from begin to end can prove tricky.

The FMCG business, by way of instance, has unbelievable webs of supply chains spanning the planet, including thousands of growers, farmers, packagers and lead to a product that has changed hands countless times until it reaches the shelves.By strengthening the traceability, in situations like product recalls or quality issues, organisations can isolate the matter efficiently and correctly, minimising price spend attempting to find the origin of the issue.