Food Transparency: What’s Possible for 2021 and Beyond …Before we take a look at the technology available to integrate the supply chain, we do want to point out that the reasons a company might not be willing to ….
New Tech Trends in the Food Industry
We’re seeing a lot of new tech trends in the food industry and want to ask the question, do they meet the maturity curve? It may seem curious but if we analyze the first decade of the Millennium, we may find out that it embraced more technology than it seemed at first. Of course, we don’t have flying cars and robots that blend with people, but we do have Teslas, and Japan even opened a restaurant attended only by robots.
Even so, it’s undeniable that the maturity curve doesn’t align with the different growth rates in every aspect of our world – technologically, socially, economically, or politically. The food supply chain system is one that benefited the most with tech trends, but do they all fit the maturity curve?
Can tech trends find their place in the food supply chain?
New tech trends in the food industry are already finding there way at the top of discussions, but still can’t prove to be effective, safe and profitable. Let’s take a look…
The problem with blockchain is the complexity of the process. With regard to using blockchain in the food supply chain it’s important to understand that every entity must participate and must use the same blockchain for today’s use case scenario. Even with all the hype there are very few players getting on board. Therefore, with a reluctant audience it’s doubtful this technology will make gains in the food industry. For a much deeper dive into the discussion on blockchain be sure to check out our blockchain webinar.
ARITIFICIAL INTELLEGENCE (AI) PLATFORMS
AI is here and some sections of the industry are already using it. However, the Food Supply chain is still not one of them. The amount of data collection and processing that this industry needs to make these platforms profitable is massive. Therefore, only billionaire companies can afford it. But in the future, there will surely be a place for AI in the food supply chain.
DIGITAL PRODUCT DUPLICATES
Unlike the current modeling process, this digital modeling would merge even variable factors such as special conditions, wearing, change of parts, among others. Nevertheless, we can only expect a few stages of this technology to be available this year or the ones to come.
5TH GEN WIRELESS TECHNOLGY
With the internet of things, AI, and augmented reality gaining importance in the food supply chain, we’ll eventually need better bandwidth. But for the moment, neither the structure nor the cost is profitable for the industry.
All the above technologies have been widely promoted and are exciting for everyone. In addition, they may be reaching the market in other industries such as public service. Sadly, for the food supply chain, there are still many obstacles and external factors to be overcome. So, we’ll just keep an eye on the new tech trends in the food industry in order to determine if and when they meet the maturity curve.
Now that we’ve reviewed the new tech trends in the food industry let’s take a look at the top food supply chain tech trends to watch in 2020. In this article we explored four tech trends, that regardless of the hype, still can’t seem to find their place in the food supply chain.
However, let’s take a look at some tech trends that may be at our doorsteps this year or in the ones to come.
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