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Food & Beverage: Page 171

Procurement's Guide to Extending Supplier Payments Terms

Analyst Insight: Successful supplier payment term extensions only happen when procurement receives the right training and ongoing support. Before companies implement an extension with suppliers, they must first understand the traits (and barriers) to success. Procurement should be viewed as a strategic lever to improving working capital and given a seat at the table during the selection and implementation process. This will pave the path to a successful supply-chain finance program and optimized cash flow. - Tom Roberts, senior vice president of global marketing, PrimeRevenue

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How a New Dock-to-Dish System Hopes to Track Your Seafood in Real Time

Thanks to the farm-to-table movement and the work of a generation of chefs, cooks, farmers and other producers, we've opened the window to the source of much of our food. We often know the farm where the turnips and lettuces on our plate come from, the fields where the cows or sheep grazed, even the names of the chickens that laid our eggs. But this kind of traceability has been very slow to come to the seafood industry, which is notorious for being secretive and often fraudulent. A small group of fishermen and chefs has been working to fix this through their Dock to Dish program, adopting the methods and principles of the land movement and CSAs, or Community Supported Agriculture, to bring that kind of transparency to the sea.

Imagine a Silicon Valley of the Sea

In 2008, PayPal co-founder Peter Thiel gave half a million dollars to a Google engineer named Patri Friedman, the grandson of economist Milton Friedman. The money was to establish the Seasteading Institute, which aims to spearhead the development of politically autonomous, floating "seasteads" in unregulated international waters. This was to be the beginning of a long experiment in civilization building. It also turned out to be the origin of many, many puns.

Sales and Operations Planning from 2020 and Beyond

Analyst Insight: There are many approaches to predicting the supply chain of 2020 and beyond. What trends and emerging technologies will have the most impact, and in what way? This paper examines the future of S&OP based on the premise that Best-in-Class companies (top 20 percent of companies based on performance) are good indicators for the next five to 15 years of change based on their capabilities, technology adoption, and strategic actions. – Bryan Ball, vice president and group director, Aberdeen

Tesco Sets Up Supplier Hotline to Cut Food Waste

Tesco has set up a hotline for suppliers to contact it directly about food waste. Suppliers and growers who call the line will be connected directly to the retailer's product teams so they can be alerted to waste in the supply chain.

Now Is the Time to Wake Up to Global Trade Compliance

Analyst Insight: Global trade compliance remains a topic that most C-level executives successfully ignore. This should not be regarded as an accomplishment but as a serious corporate deficiency that will affect a company's bottom line and its ability to compete on a global basis. Ignorance of global trade compliance is no longer an option. – Beth Pride, president, BPE Global

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Grocery Heavyweights Expand Delivery Services

Big food retailers are expanding grocery delivery services, hoping to dissuade customers from defecting to online rivals.

Blockchain: A Better Way to Track Pork Chops, Bonds, Bad Peanut Butter?

Frank Yiannas has spent years looking in vain for a better way to track lettuce, steaks and snack cakes from farm and factory to the shelves of Walmart, where he is the vice president for food safety. When the company dealt with salmonella outbreaks, it often took weeks to trace where the bad ingredients came from.

U.K. Finance Chancellor Announces Millions for Robotics and Driverless Vehicles

The chancellor of the exchequer has given more detail about how a £23bn ($28bn) infrastructure investment pot will be spent.

Is Your Network Design Evolving With the Digital Age?

Analyst Insight: Developing supply-chain strategy as a process versus a project has become critical to make necessary strategic decisions in today's dynamically changing e-commerce environment. As digital disruptions continue to evolve in the marketplace, leadership faces numerous challenging decisions to maintain and/or improve market share. Agility and creative thinking is required for you and your supply-chain evolution. – Dale Pickett, director, Tompkins International

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North Face, Timberland Set Forest Policy, Extend Responsible Sourcing

VF Corporation, whose brands include The North Face, Timberland, Wrangler and Lee, released its first-ever Forest Derived Materials Policy, which sets purchasing guidelines and commits the company and its suppliers to using sustainable forest materials and products.

How to Anticipate Consumer Transparency Demands

Analyst Insight: Soaring consumer expectations and new legislation for GMO labeling and food safety modernization are driving a major transformation in the food and beverage industry, and rapidly creating a new industry normal. Supply-chain standards and new packaging innovations can help industry keep up with and even anticipate the demands of increasingly engaged consumers. – Angela Fernandez, VP of Retail Grocery and Foodservice, GS1 US

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