Global supply chain: Food safety, digitalisation and CFO's
Consumers have high expectations regarding the quality of food products. Naturally, the products need to be safe. This is why retailers have become increasingly demanding regarding crop information. However, is this basic information sufficient? More and more consumers are looking for the story behind the product. What happened to the product? Where does it come from? The question is: what impact does this have on the way we organise information sharing in the fresh produce chain? And how can we bring this about without completely loosing track of the costs? Writing and documenting information does not necessarily make our products any safer.
The Global Location Number is currently receiving a substantial amount of attention. The United Nations, United Nations Global Compact, is about to provide ALL agricultural businesses in the world with an identification in order to facilitate registration regarding their Sustainable Development Goals. J. Wozniak (International Trade Center, Switserland) will fill you in on the details. In addition, in the so-called ‘input industry’(fertilizers, pesticides and seeds) is working very hard to come up with solutions (such as AGgateway’s SPADE) to facilitate access to product information for the chain.
Moreover, financial departments, more specifically Chief Financial Officers (CFOs), have little knowledge of the effects of the changes in their company that are brought about by the application of information technology. This often starts with the size of the investments required by some innovations. New online business-trajectories lead to new business models, causing the financial model to look completely different. This happens, for example, when moving from sale to rent/service. On the other hand, the financial world itself is also changing dramatically as a result of new developments such as bitcoins and virtual banks.
Nevertheless, financial management is becoming more and more about information exchange with clients and suppliers. Standards are absolutely crucial. In Germany, a new digital invoice has been developed. KL. Förderer from GS1 Germany will explain how you can use of this invoice for both clients and suppliers. In addition, standards such as Global Product Classification (for market analysis), Farm ID and Global Location Number are about to play an important part in FINANCE 4.0. A number of best practices will also be presented.
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