The Indian cold chain sector, which is currently grappling with such issues concerning the quality of food products and food safety maintenance has realized the necessity of faster development, and could grow at the rate of 10 percent to 15 percent per annum in the next five to 10 years, according to Arvind Surange, chief consultant and proprietor, ACR Project Consultants Pvt. Ltd.
China Daily reports that the value of trade in China's goods in 2013 is set to exceed that of the U.S., making the world's second-largest economy the world's top trader for the first time in the modern era.
Densification is the process of reducing product size (volume or weight) while maintaining or increasing its value. This is not a new trend. In fact, it is a tenet of good supply chain management and logistics, according to a four-part blog series published by the MIT Center for Transportation & Logistics.
The importance of produce traceability has been made devastatingly clear in recent years by well publicized incidents of illness, and even death, due to contaminated lettuce, spinach, cantaloupes and more. While officials in such cases spend weeks tracing the contamination to its source, all growers, wholesalers and retailers suffer market consequences.
The majority (80 percent) of supply chain managers do not see their supply chain as an enabler of business strategies within their organisation, according to a recent survey.