Estimating the Impact of Blockchain Adoption in the Food Processing Industry and Supply Chain

2019 ◽  
Vol 0 (0) ◽  
Author(s):  
Francesco Longo ◽  
Letizia Nicoletti ◽  
Antonio Padovano
Keyword(s):  
Supply Chain ◽  
Processing Industry ◽  
Minimal Impact ◽  
Food Supply Chains ◽  
Fresh Milk ◽  
Blockchain Technology ◽  
Safety Risks ◽  
Review Reports ◽  
The Cost ◽  
The Impact

AbstractFood supply chains are benefiting from blockchain technology, as it establishes a shared, secure record of information flows, thus reducing food safety risks, increasing consumers’ trust in products’ provenance and enhancing supply chain efficiency. However, despite some embryonic applications, systematic literature review reports very few investigation studies. This article proposes a potential design and update frequency of relevant data to be stored in the Ethereum blockchain for monitoring and traceability purposes and explores the cost connected to every transaction in the case of a fresh milk processing industry and supply chain, from dairy farms to the end consumers. Results show that (i) investments are limited for the supply chain actors; (ii) the benefits of a blockchain-enabled supply chain can be achieved with a minimal impact on the product’s consumer price, and (iii) the costs of operating the blockchain increases as we move down along the tiers of the supply chain.

scholarly journals The Impact of Blockchain Technology on Food Waste Management in the Hospitality Industry

2021 ◽  
Vol 7 (1) ◽  
pp. 428-437
Author(s):  
Evangelia Kopanaki ◽  
Asterios Stroumpoulis ◽  
Maria Oikonomou
Keyword(s):  
Supply Chain ◽  
Waste Management ◽  
Supply Chains ◽  
Food Waste ◽  
Food Supply ◽  
Hospitality Industry ◽  
Food Supply Chain ◽  
Food Supply Chains ◽  
Blockchain Technology ◽  
The Impact

This paper examines blockchain technology and food waste management in the hospitality industry. Food waste prevention is an important issue for hotels, as food consumption is difficult to estimate, often leading to huge amounts of waste. Food waste occurs at each stage of the food supply chain and represents a big percentage of hospitality waste. Although many studies examine the difficulties of food waste management, only a limited number of studies examine the stages of food waste inside food supply chains. The coordination of food supply chains can be supported by blockchain technology, which can break the supply chain into smaller parts and help managers to better mitigate food control. To address these issues, this paper conducts an extensive literature review, firstly to clarify the concept of food waste management in the hospitality industry and secondly to examine the benefits of the use of blockchain technology in food supply chains. Combining the obtained knowledge, this study aims to analyze the relationship between blockchain and food waste management practices. It also aims to examine how this combination boosts hotels to increase their performance and gain customers’ loyalty. Therefore, this paper analyses food waste management in the hospitality industry makes propositions on how blockchain technology could support food waste management in the food supply chain and forms the base for future research. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

scholarly journals The Impact of Supply Chain Management on Financial Performance and Responsibility Accounting Agribusiness Case from Egypt

2017 ◽  
Vol 6 (2) ◽  
pp. 136 ◽  
Author(s):  
Mohamed Ali Wahdan ◽  
Mohamed Ashraf Emam
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Financial Performance ◽  
Financial Statements ◽  
Net Income ◽  
Chain Management ◽  
Research Questions ◽  
The Cost ◽  
The Impact ◽  
Responsibility Accounting

This paper presents the impact of applying the supply chain management (SCM) on the agribusiness field to optimize productivity and decreasing cost which will have a direct impact on the net income of the organization. The main two research questions are: is there a significant impact of supply chain management on financial performance? and is there a significant relationship between supply chain management and financial performance as well as responsibility accounting? To answer the research questions, data was collected from financial statements of agribusiness case from Egypt and the survey was conducted. The findings of the study indicated that there is a significant impact of supply chain management on financial performance through enhancing the productivity, decreasing the cost and improving profitability. Moreover, applying the efficient supply chain management can improve the use of responsibility accounting through the efficient usage for the budget of the crop.

Blockchain-Based Food Supply Chain Management

2021 ◽  
pp. 134-171
Author(s):  
Dhana Srinithi Srinivasan ◽  
Karpagam Manavalan ◽  
Soundarya R. ◽  
Thamizhi S. I.
Keyword(s):  
Supply Chain ◽  
Food Supply ◽  
Third Party ◽  
Food Supply Chain ◽  
Food Supply Chains ◽  
Agriculture Sector ◽  
Blockchain Technology ◽  
Efficient Management ◽  
Potential Applications ◽  
Payment Mechanisms

Blockchain is an emerging technology that is based on the concept of distributed ledgers. It allows for pervasive transactions among different parties and eliminates the need for third-party intermediaries. Several of blockchain's characteristics make it suitable for use in the agriculture sector. Some of the potential applications of blockchain include efficient management of the food supply chain and value-based payment mechanisms. The products of agriculture are usually the inputs for a multi-actor distributed supply chain, in which case the consumer is usually the final client. The food chain involves several actors including farmers, shipping companies, distributors, and groceries. This makes the entire system to be distributed with multiple actors playing different roles throughout the chain. This currently used system is inefficient and unreliable in various aspects. This project aims to leverage blockchain technology to solve and address discrepancies involved in food supply chains.

Blockchain for Agri-Food Supply Chain and Logistics Management

2022 ◽  
pp. 127-150
Author(s):  
Pinki Saini ◽  
Unaiza Iqbal ◽  
Mazia Ahmed ◽  
Devinder Kaur
Keyword(s):  
Supply Chain ◽  
Value Chain ◽  
Food Supply ◽  
Food Industry ◽  
Food Supply Chain ◽  
Blockchain Technology ◽  
Agricultural Produce ◽  
Quality Certification ◽  
The Cost ◽  
Food Safety And Quality

Today, the globalization of the supply chain in the food industry has surged remarkably; hence, food safety and quality certification have become critical. Blockchain is recognized as a promising technology in the agri-foods industry where it can act as a systematic and robust mechanism for increasing the food traceability and provide a transparent and efficient way to assure quality, safety, and sustainability of agri-foods. By lowering the cost and increasing value, this digital technology has the potential to increase profitability of agricultural produce along the value chain. This chapter aims to investigate the potential utilization of blockchain technology in the agri-food industry, where it can be used to address issues of trust and transparency and to facilitate sharing of information sharing among stakeholders. The technology is still in a preliminary stage; thus, this chapter is written to examine its implication in the agri-food supply chain, existing initiatives, challenges, and potential.

The use of Internet of Things (IoT) to improve transparency in agri-food supply chains

2021 ◽  
pp. 369-406
Author(s):  
Rounaq Nayak ◽  
Keyword(s):  
Internet Of Things ◽  
Supply Chains ◽  
Food Supply ◽  
Food System ◽  
Agricultural Practices ◽  
Food Supply Chains ◽  
Blockchain Technology ◽  
Increasing Demand ◽  
Use Of Internet ◽  
The Impact

Global food production needs to increase by approximately 70% by 2050 to ensure food security and feed the global population which is expected to reach 9.6 billion by 2050. To achieve these objectives in a sustainable manner, there is a need for modernisation and intensification of agricultural practices. There is also an increasing demand for proving sustainability within supply chains with research showing a direct correlation between transparency and consumer trust in agri-food products. This chapter starts out by detailing the impact and need for a globalised food system. It then progresses to discuss existing applications of Internet of Things (IoT) systems and the potential of future IoT systems in helping achieve these targets. The chapter also briefly touches upon the potential for combining Blockchain Technology and IoT systems in helping improve transparency and accountability within agri-food supply chains.

scholarly journals Blockchains for Supply Chain Management: Architectural Elements and Challenges Towards a Global Scale Deployment

Logistics ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 5 ◽  
Author(s):  
Antonios Litke ◽  
Dimosthenis Anagnostopoulos ◽  
Theodora Varvarigou
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Global Scale ◽  
Chain Management ◽  
Architectural Elements ◽  
Blockchain Technology ◽  
High Level ◽  
The Impact ◽  
Digital Assets

Blockchains are attracting the attention of stakeholders in many industrial domains, including the logistics and supply chain industries. Blockchain technology can effectively contribute in recording every single asset throughout its flow on the supply chain, contribute in tracking orders, receipts, and payments, while track digital assets such as warranties and licenses in a unified and transparent way. The paper provides, through its methodology, a detailed analysis of the blockchain fit in the supply chain industry. It defines the specific elements of blockchain that affect supply chain such as scalability, performance, consensus mechanism, privacy considerations, location proof and cost, and details on the impact that blockchains will have in disrupting the supply chain industry. Discussing the tradeoff between consensus cost, throughput and validation time it proceeds with a suggested high-level architectural approach, and concludes as a result with a discussion on changes needed and challenges faced for an in-vivo deployment of blockchains in the supply chain industry. While the technological features of modern blockchains can effectively facilitate supply chain uses cases, the various challenges that still remain, bring in front of us a wide set of needed changes and further research efforts for achieving a global, production level blockchain for the supply chain industry.

Demystifying the Power of Blockchain Technology in Supply Chain Management

2020 ◽  
Vol 11 (4) ◽  
pp. 38-53
Author(s):  
Robin Singh Bhadoria ◽  
Neha Sharma ◽  
Manish Kumar Pandey
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Management Systems ◽  
Supply Chain Network ◽  
Critical System ◽  
Chain Management ◽  
Blockchain Technology ◽  
Management Objectives ◽  
Future Supply ◽  
The Impact

Modern supply chain management systems have evolved into a complex and critical system. Thus, it has grown more interesting to verify the source of products and its visibility as it is moving through the supply chain network. The application of blockchain technology and Internet of Things (IoT) are likely to affect the supply chain management objectives such as cost, quality, speed, dependability, risk reduction, sustainability, and flexibility. This paper presented the concept of how blockchain technology and IoT can help to achieve supply chain objectives. This research focuses on the impact of blockchain on current and future supply chain management systems.

The impact of RFID, IIoT, and Blockchain technologies on supply chain transparency

2019 ◽  
Vol 31 (3) ◽  
pp. 441-457 ◽  
Author(s):  
Pamela J. Zelbst ◽  
Kenneth W. Green ◽  
Victor E. Sower ◽  
Philip L. Bond
Keyword(s):  
Supply Chain ◽  
Radio Frequency Identification ◽  
Equation Modeling ◽  
Rfid Technology ◽  
Measurement Scales ◽  
Technology Utilization ◽  
Content Type ◽  
Blockchain Technology ◽  
Combined Impact ◽  
The Impact

Purpose The purpose of this paper is to assess the combined impact of radio frequency identification (RFID), Industrial Internet of Things (IIoT) and Blockchain technologies on supply chain transparency (SCT). Design/methodology/approach Data from 211 US manufacturing managers is analyzed using a covariance-based structural equation modeling methodology. Findings The structural model fits the data relatively well. RFID technology directly and positively impact both IIoT and Blockchain technologies which, in turn, directly and positively impact SCT. RFID technology indirectly affects SCT through both IIoT technology and Blockchain technology. Research limitations/implications This study is the first to empirically assess the impact of RFID, IIoT and Blockchain technologies on SCT. First-wave empirical studies must be replicated to support generalization of the findings. Practical implications This study provides empirical evidence to support the implementation of a combination of RFID, IIoT and Blockchain technologies as infrastructure necessary to achieve end-to-end SCT. Originality/value New measurement scales for IIoT technology utilization and Blockchain technology utilization are developed and assessed for validity and reliability. This is the first study to assess the combined impact of RFID, IIoT and Blockchain technologies on SCT.

scholarly journals A Two-Echelon Agricultural Product Supply Chain with Freshness and Greenness Concerns: A Cost-Sharing Contract Perspective

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-13
Author(s):  
Manyi Tan ◽  
Manli Tu ◽  
Bin Wang ◽  
Tianyue Zou ◽  
Hong Cheng
Keyword(s):  
Supply Chain ◽  
Cost Sharing ◽  
Agricultural Products ◽  
Sensitivity Analyses ◽  
Agricultural Product ◽  
Human Beings ◽  
Optimal Decisions ◽  
Game Theoretic ◽  
The Cost ◽  
The Impact

Agricultural products are basic needs of human beings, and whether they are cultivated in a green (or organic) manner has direct impact on environment and public health. This research incorporates product freshness and greenness into a two-echelon agricultural product supply chain (APSC). Game theoretic analyses are carried out to examine pricing, freshness, and greenness decisions of the supply chain members with and without cost-sharing for greenness investment. Subsequently, we conduct comparative and sensitivity analyses for these optimal decisions and profits of the APSC members under different cases. Numerical experiment is employed to investigate the impact of key parameters on equilibrium decisions and profitability. Analytical and experimental results show that the cost-sharing contract of greenness investment for agricultural products helps to strengthen the supply chain members’ effort in improving the greenness and freshness levels of the agricultural product, thereby enhancing both individual and channel profitability of the APSC under certain conditions. This research also reveals a widened profit gap between the producer and the retailer under the cost-sharing contract.

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