August 14, 2019 5:45 pm
Published by Sententia Partners
By Sherree DeCovny, Founder About 25 years ago dietary supplements was a $4 billion industry comprising about 4,000 unique products. Today, it’s worth more than $40 billion, and there are more than 50,000 products, according to the U.S. Food and Drug Administration (FDA). The industry is much bigger when you add natural foods and beverages as well as cannabis products into the mix. Despite the exponential growth, companies’ operations... Read More
July 30, 2019 5:53 pm
Published by Sententia Partners
By Sherree DeCovny, Founder A first step in creating food supply chains that are environmentally sustainable, ethical and meet the growing demand for transparency is sourcing ingredients and supporting logistics services that meet these standards. Two Dutch startups, Cogoport Europe and Milvum, are supporting Royal Blue & Orange International Trading (RBO Trading,) a Dutch enterprise that is developing a blockchain-based marketplace solution that could provide such a sourcing option. ... Read More
May 22, 2019 6:04 pm
Published by Sententia Partners
By Ken Cottrill, Contributor If knowledge is power, a blockchain system is a power grid that distributes knowledge to users. That knowledge can be leveraged to make supply chains more transparent. As we describe in the Chain Business Insights eBook Blockchain in Smallholder Farming: Sowing the Seeds of Growth Blockchain in Smallholder Farming, transparency is a vital commodity in smallholder farming communities where growers have limited access to... Read More
October 30, 2018 5:57 pm
Published by Sententia Partners
By Ken Cottrill, Contributor In countries such as the United States the increasing number of foodborne illness outbreaks is attracting attention, but the issues are by no means confined to wealthy nations. A World Bank study published in October 2018 finds that the impact of unsafe food on low- and middle-income economies amounts to some $110 billion annually in lost productivity and medical expenses. Companies are developing blockchain solutions... Read More
March 27, 2018 6:09 pm
Published by Sententia Partners
By Ken Cottrill, Contributor As someone who struggles to remember names, the notion of remembering 380,000 seems other-worldly. In a recent company announcement Starbucks’ Director of Traceability, Arthur Karuletwa, says: “since its beginning, Starbucks has known the names of the farmers within its supply chain, including the more than 380,000 farms it worked with last year alone.” Of course, Starbucks has a high-powered IT system to keep these names on... Read More
October 11, 2017 6:19 pm
Published by Sententia Partners
By Ken Cottrill, Contributor The perennial problem of truck driver shortages is back with a vengeance. Technologies such as blockchain could help fix a problem that puts a brake on the U.S. economy. “Simply – without trucks, America stops,” says the American Trucking Associations (ATA). They are not exaggerating. Trucks transport more than 70% of all the freight tonnage moved in the U.S. To move 10.5 billion tons... Read More
June 19, 2017 6:24 pm
Published by Sententia Partners
By Sherree DeCovny, Founder The perennial problem of truck driver shortages is back with a vengeance. Technologies such as blockchain could help fix a problem that puts a brake on the U.S. economy. “Simply – without trucks, America stops,” says the American Trucking Associations (ATA). They are not exaggerating. Trucks transport more than 70% of all the freight tonnage moved in the U.S. To move 10.5 billion tons of... Read More
