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Optimizing global food supply chains: The case for blockchain and GSI standards

ABSTRACT: This chapter examines the integration of GS1 standards with the functional components of blockchain technology as an approach to realize a coherent standardized framework of industry-based tools for successful food supply chains (FSCs) transformation. The globalization of food systems has engendered significant changes to the operation and structure of FSCs. Alongside increasing consumer demands for safe and sustainable food products, FSCs are challenged with issues related to information transparency and consumer trust. Uncertainty in matters of transparency and trust arises from the growing information asymmetry between food producers and food consumers, in particular, how and where food is cultivated, harvested, processed, and under what conditions. FSCs are tasked with guaranteeing the highest standards in food quality and food safety—ensuring the use of safe and authentic ingredients, limiting product perishability, and mitigating the risk of opportunism, such as quality cheating or falsification of information. A sustainable, food-secure world will require multidirectional sharing of information and enhanced information symmetry between food producers and food consumers. The need for information symmetry will drive transformational changes in FSCs methods of practice and will require a coherent standardized framework of best practice recommendations to manage logistic units in the food chain. A standardized framework will enhance food traceability, drive FSC efficiencies, enable data interoperability, improve data governance practices, and set supply chain identification standards for products and assets (what), exchange parties (who), locations (where), business processes (why), and sequence (when).

SUBMITTER: Keogh J

PROVIDER: S-EPMC7561516 | biostudies-literature | 2020 Jan

REPOSITORIES: biostudies-literature

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Project description:In the post-pandemic era, food supply chains and firms therein are facing unprecedented severe challenges, because once infection is detected, numerous products must be recalled or abandoned, and both suppliers and retailers in the supply chain suffer enormous loss. To survive under the pandemic, retailers have adopted different sourcing strategies, such as contingent sourcing, which, in turn, affect the upstream suppliers and hence the resilience of the whole supply chain. With the rapid development of digital technologies, retailers nowadays can utilize blockchain as a reliable and efficient way to reduce product risk and hence advance the resilience of food supply chains by improving product traceability and inspection accuracy, and making sourcing transparent. In this paper, we develop a game-theoretic model to investigate the interrelation between the retailer’s decisions on blockchain adoption and sourcing strategies. We consider that a retailer originally orders from a risky supplier while conducting an imperfect inspection to detect infected products before selling. The retailer may speculatively keep on ordering from the risky supplier or adopt contingent sourcing by ordering from an alternative safe supplier. The retailer also has an option to implement blockchain to improve the inspection accuracy and product traceability. We derive the optimal retail prices under different sourcing strategies with and without blockchain adoption and then analyze the incentives for sourcing strategy and blockchain adoption. Then, we identify the conditions of an all-win situation for food retailer, supplier, supply chain resilience, and consumers with/without government subsidy. Finally, we extend to consider the situation that some consumers have health-safety concerns and preferences for blockchain adoption. Electronic Supplementary Material Supplementary material is available in the online version of this article at 10.1007/s42524-022-0232-2 and is accessible for authorized users.

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Optimizing global food supply chains: The case for blockchain and GSI standards

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