Warehouses are no longer just buildings to store goods, reports Supply Chain Dive. Instead warehouses are becoming distribution and fulfillment centers with speed of product movement the top priority. To that end warehouses are changing the technology that they use.
Blockchain may soon transform the poultry supply chain, reports Poultry World. It will make it easier to trace the meat back to its source farm and prevent disruption or contamination along the supply chain.
Fraud-related costs accounted for 8% of retailers’ revenue in 2017, averaging $15.5 million per merchant;(1)and with global card fraud projected to surpass $25 billion this year and $30 billion by 2020,(2) current trends suggest those costs will continue to grow. CFOs are beginning to recognize the limitations of their existing fraud-prevention efforts—while 56% currently rely primarily on internal resources, 56% of CFOs also said they anticipate changes to their company’s anti-fraud strategy within the next two years.(3) Chargebacks911, a leading dispute mitigation and loss prevention firm, examines the latest fraud statistics and explains why a growing number of CFOs see outsourcing as a better solution.
According to Supply Chain Digital, digital supply chain technology accelerator Plug & Play is partnering with Lufthansa Cargo to bring companies and start-ups together to develop digital supply chain and digital logistics platforms.
According to Digital Supply Chain, CargoX raised $7mn towards its blockchain based bill of lading platform. The funds were raised by mostly micro investors. CargoX hopes to replace paper bills of lading with its Smart Bill of Lading.