Product Traceability & Sustainability with Trace360.AI

Near-real-time visibility with E2E traceability and prescriptive analytics to mitigate risks and improve supply chain efficiency

The modern supply chain, a complicated maze of links and nodes, keeps the economy and market moving forward. The central cog in this machinery, the end product, undergoes a linear journey from the point of its origin to the point of destination. And when this journey remains invisible or untraceable, it becomes difficult to identify and act on issues. Navigating this maze demands a paradigm shift in how businesses operate. As consumer preferences shift towards timely, sustainable products, and regulatory requirements increase, the industry must adopt a circular supply chain that is transparent and cost-effective. But what’s at stake?

Brand Reputation, Financial Repercussions Due to Lack of Visibility during Recalls	Compliance and Data Standards
Traceability makes it easy to manage recalls efficiently and quickly, as delays and indecision during recall would damage brand reputation and lead to heavy losses. According to Sedgwick, nearly 1.5 billion products in the US were recalled in 2022. A prime example is Kellogg’s $110 million loss in product recalls because of salmonella contamination in one of its cereal products.	Regulatory compliances are getting stricter by the day. E.g., section 204 (d) of the FDA Food Safety Modernization Act specifies that establishing traceability is one of the core elements of its New Era of Smarter Food Safety Blueprint. Yet, the lack of standardized data across the supply chain industry hinders a unified, industry-wide approach to E2E traceability.

Brand Reputation, Financial Repercussions Due to Lack of Visibility during Recalls

Compliance and Data Standards

Traceability makes it easy to manage recalls efficiently and quickly, as delays and indecision during recall would damage brand reputation and lead to heavy losses. According to Sedgwick, nearly 1.5 billion products in the US were recalled in 2022. A prime example is Kellogg’s $110 million loss in product recalls because of salmonella contamination in one of its cereal products.

Regulatory compliances are getting stricter by the day. E.g., section 204 (d) of the FDA Food Safety Modernization Act specifies that establishing traceability is one of the core elements of its New Era of Smarter Food Safety Blueprint. Yet, the lack of standardized data across the supply chain industry hinders a unified, industry-wide approach to E2E traceability.

Imagine a supply chain that breathes and evolves with your business, each link seamlessly connected from the genesis of a purchase order to the final product resting in the hands of the consumer – that not only tracks and traces the physical journey of a product but also its metamorphosis from raw material to finished goods.

Thread together the complex supply chain network with precision using Trace360.AI’s traceability and predictive capabilities

Product Tracing and Tracking

Track and trace an item's movement from origin to destination, encompassing suppliers, manufacturing plants, distributors, and retail stores, thus, enhancing visibility to identify and resolve potential issues throughout the supply chain.

Returns and Recall Management/Cost Analysis

Locate and identify items under investigation or facing recall. Manage and mitigate associated risks by pinpointing the source of the issue, enabling a detailed cost analysis up to the nth tier. This facilitates better decision-making by highlighting the most cost-effective recall strategy.

Automated Root Cause Analysis (RCA)

With the Automated Root Cause Analysis feature integrated into the platform, identify nodes where issues could have occurred by tracking customer feedback and abnormal complaints across various channels. Determine common problems, assign risk ratings, and weigh associated costs while making informed recall decisions.

Supply Chain Planning and Replenishment (Expiration Management)

Maximize sales by accurate and timely inventory replenishment based on consumption forecasts and strategic rebalancing recommendations. Proactively tackle inventory expiration and obsolescence issues with enhanced visibility and alerts. Manage inventory expiration and obsolescence issues proactively with enhanced visibility and alerts.

Predictive Capabilities

The solution employs predictive analytics to identify potential future issues in the supply chain. It allows for early detection of problems before they spread. During recalls or when regulatory bodies request reports, Trace360.AI expedites investigations by tracing the entire supply chain.

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