Supply Chain Resiliency

Supply chains need to be resilient and sustainable. It takes connectedness, data collection, and appropriate measures based on accurate data. Human-led decisions and actions impact our supply chains across all agri-commodities. Using technology will advance the resilience of all supply chain stakeholders. Regulations and laws are increasingly the new normal in supply and demand, finally catching up with consumer-led trends.

What is Supply Chain Resiliency

Supply chain resiliency refers to the ability of a supply chain to withstand and recover from unexpected disruptions, such as natural disasters, geopolitical events, supplier bankruptcy, or pandemics.

The concept of supply chain resiliency has become increasingly important in recent years due to the growing complexity and global interconnectedness of supply chains, including the increasing frequency and severity of supply chain disruptions.

A resilient supply chain can quickly adapt to unexpected disruptions and continue to deliver products or services to customers without significant interruption. Resiliency requires a proactive approach, which includes identifying potential sources of disruption, developing contingency plans, and building redundancy into the supply chain.

Supply Chain Visibility is Key

We’ve discussed the growing consumer-driven trend towards traceability and transparency in products. With real-time visibility into supply chains, companies can quickly identify potential disruptions and proactively mitigate issues. Technology and SaaS, like Farmforce, play key roles in supply chain resiliency. 

Overall, supply chain resiliency is a critical component of business continuity and risk management. By building a resilient supply chain, companies can better protect themselves from unexpected disruptions and continue delivering products and services to businesses and consumers.

Traceability Solutions to Tackle Supply Chain Resiliency Issues

A traceability solution can play a crucial role in enhancing supply chain resiliency. Traceability refers to tracking and tracing products and materials as they move through the supply chain.

Here are a few ways in which a traceability solution can allow for supply chain resiliency:

  • Early Detection of Issues: Enable companies to quickly identify the source of an issue or disruption in the supply chain.
  • Improved Visibility: Gain real-time visibility into the movement of products and materials throughout the supply chain. This can help them better manage inventory, optimise logistics and distribution, and identify potential bottlenecks and disruptions. With Farmforce, one happy customer can easily forecast yields and productivity, increasing profit and farmer livelihood.
  • Enhanced Risk Management: Identifying potential issues and disruptions in the supply chain. With accurate data come proper decisions. Red River Foods proudly does this with Farmforce.
  • Quality Control: Track and monitor product quality throughout the supply chain. Identify quality issues early on and take corrective actions quickly. Brand trust and protection begin along the first mile. 
  • Compliance: Comply with regulatory requirements related to product safety, quality, and origin. Avoid fines and other penalties and protect brand reputation. Fair Farms and Fairtrade are two examples of Farmforce used for certification processes.

Conclusion

Farmforce’s AgTech allows companies to enhance supply chain resiliency by improving visibility, enabling early detection of issues, enhancing risk management, improving quality control, and ensuring compliance with regulatory requirements. By implementing a traceability solution, companies can better protect themselves from unexpected disruptions and other related issues.

The Traceability Barometer Report

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