Food loss has always been a big issue in the supply chain, but the extent of the problem has not always been as quantifiable as it is today.
With the introduction of real-time monitoring technology and cloud-based reporting systems, more data is being collected and analyzed, bringing a greater awareness of factors contributing to food loss during transport and storage.
The UBQ Network is a consortium of supply chain service providers and industry experts creating an alliance to give customers whole chain services in supporting the movement of food and other temperature sensitive commodities across the world.
Customers determine which KPIs (Key Performance Indicators) they want to focus on, and the UBQ Network can assist by using business analytics to give more in-depth information. This helps them with root cause analysis, leading to solutions that improve efficiency of their cold chain operations.
The UBQ Network charter members include Marsh for cargo insurance, Morpheus Network for automated document management systems, and Optimiz integrated cargo risk management solutions with remote inspections and automated claims modules.
More people are realizing that shared data and transparency between supply chain partners is beneficial to all, rather than data isolated in separate silos. The UBQ Network can deliver this.