Agri-tech companies are fast engaging in diverse commercial agreements and business collaborations to initiate revolutionary development in food technology.
In this regard, traceability solution developer, SourceTrace has entered into a collaborative engagement with food technology behemoth TraceNext to initiate a highly agile, transparent, and scalable value-chain encapsulating various elements, and specializing in end-to-end connectivity between farmers, stakeholders and consumers at large.
The purpose of this business collaboration is to identify and trace the food source, followed by custodial intervention and proceeding into monitoring and sustainable storage practices.
These aforementioned developments have been optimally verified by reliable sources from both companies.
Other relevant engagements undertaken by the aforementioned companies would be in complete monitoring, evaluation and assessment of food production, focusing specifically on food production techniques, optimum food storage practices.
Further, the companies will also engage in meeting all regulatory and legal formalities to ensure ethical and legit food technology and production processes.
Instant quality checking parameters are touted to be completely integrated in these novel food production value-chain to ensure highly compliant storage and distribution network for superlative customer experience.
These versatile alterations in the food value chain are anticipated to trigger quick and error-free trade discretion, eliminating lingering delays and latency.
Moving forward, the companies are also hopeful to ensure novel payment structures with the enablement of blockchain and other fair business practices for an agile supply-chain infrastructure.
In the words of Venkat Maroju, CEO, SourceTrace, in the foreseeable future, to ensure high degree food safety, traceability is likely to emerge as the most dominant influencer in the food based businesses, interconnecting regulatory facets and consumer expectations, thus proceeding towards a highly interactive and traceable food business supply chain.
Some of the food verticals which are already connected via SourceTrace solutions include organic fruits, veggies, spices, fragrances and spices amongst others.