On June 16, 2023, the U.S. Department of Commerce (“Commerce”) issued a long-awaited final rule (the “Final Rule”), effective July 17, 2023, related to the Information and Communications Technology Supply Chain. The Final Rule clarifies the scope of the ICTS Supply Chain rule, which requires companies to assess the risk of their supply chain and take steps to mitigate that risk. The Final Rule also requires companies to provide information to the government about their supply chain. This rule could have a significant impact on businesses that use ICTS products and services.

McDonald's is partnering with supplier Golden State Foods to use radio-frequency identification (RFID) technology to track fresh beef from manufacturer to restaurant in near real-time. This strategy promises to provide partners with the information they need to build trust and transparency. According to Bob Carpenter, president and CEO of GS1 US, a not-for-profit, international supply-chain standards organization, organizations need more visibility than ever to manage inventory, know where products are coming from, and maintain consumer trust. The barcode is a reliable data standard used to manage the wealth of data in the highly segmented beef supply chain.

Solar batteries are an important part of the supply chain industry, as they provide a sustainable way to store energy generated from the sun. DC Velocity recently reported on the development of new solar battery technologies, which are designed to make the supply chain more efficient and reliable. These new technologies are expected to reduce costs, improve energy storage capacity, and increase the overall sustainability of the supply chain. With these advancements, the industry is poised to make a significant impact on the environment and the economy.