November 12, 2015
By Alexis H. Bateman. The ability to track and trace products is fundamental to sound supply chain management. Traceability affects supply chain efficiency, product safety and security, managing deep tier risks, on-time delivery performance, troubleshooting customer issues, controlling costs, and regulatory compliance. Now, another set of demands can be added to this list: government and consumer pressure to meet sustainability goals. Most industries—but especially consumer-facing ones such as food— are experiencing this pressure, and key to their responses is effective supply chain traceability.