The digital (r)evolution is transforming the food industry and we are beginning to see a big impact. The internet of things (IoT) is fueling part of this (r)evolution and is uncovering both operational and monetary benefits for food manufacturers, processors, suppliers and retails. Here are 5 benefits that organizations realize with the help of IoT, helping them make business decisions with greater confidence.
Improved Operational Efficiency
The global food loss is more than 1 billion tons per year. IoT technology can be used at various areas of the supply chain; tracking temperature readings, storing product data, automating food quality reporting, etc. This keeps productivity high, controls production and maintains flow practices allowing employees to focus on more value creating task for the organization. Leveraging IoT will reduce equipment downtime, increases energy savings and overall improving the efficiency of your equipment management.
Better Food Safety
Compliance, prevention and the complexities of the food industry keeps industry professionals always thinking of new ways to stay ahead especially since the FDA Food Safety Modernization Act. With IoT, the entire supply chain can become compliant with both global and local regulations. Various types of sensors can be used to monitor essential production states, shipping times and real time temperature tracking. This allows organizations to closely monitor food safety data points as well as using automated HACCP checklists during production, manufacturing and transporting processes.
Supply Chain Visibility
Implementing traceability and transparency along the global supply chain makes tracking products for customers and organizations easier. This definitely helps earn consumer loyalty and trust. IoT technologies connects your system to real-time product data and provides added benefits that lead to cost savings, improved inventory management and faster lead times. IoT will also help by identifying and solving supply chain inefficiencies.
Production & Storage
IoT sensors assist with product tracking, quality control, employee activities while having real-time analysis of production. Inaccuracies can be identified as the sensors inspect each part of the production at all times and correction can be made before it is too late.
As mentioned, the possibility of effortlessly monitoring each stage of all your food products is a reality with IoT. The assigned individual for each stage can receive information in real-time and rectify any problems on the production line. This means a reduction in food wastage and cost savings for the organization.
IoT solutions and services are now largely available. Leveraging sensors to ensure highest quality standards and assurance of having the same product is a key transformation especially in the food industry. Ask someone to critically review your production line and you may be surprised to find that there is a bunch of technology out there you didn’t even think of.