News & Events

Rising Food Prices Helps Push U.S. Inflation to 31-Year High

Nov 18, 2021 10:30:00 AM posted in Inflation

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Rising food prices, along with escalating energy costs, helped push U.S. inflation to a 31-year high in October with the Consumer Price Index jumping 6.2 percent.

“Food prices for both groceries and dining out rose by the most in decades,” The Wall Street Journal reported.

The U.S. Bureau of Labor Statistics reported on Nov. 10, 2021, that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in October on a seasonally adjusted basis after rising 0.4 percent in September.

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Food Fraud Costs Billions Each Year

Nov 4, 2021 10:00:00 AM posted in Traceability, Fraud

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A decade ago, the U.S. Grocery Manufacturers Association estimated that food fraud cost the global food industry between $10 and $15 billion per year and the problem has only accelerated since then.

“Fraud drains an estimated $30 to $40 billion every year from the global food industry. The Consumer Brands Association claims that roughly 10 percent of commercially produced food and beverage products are affected by fraud,” wrote TraceGains content marketing specialist Denis Storey in 2020. “But these figures only point to the initial economic cost of food fraud. There are the health costs to consumers poisoned by tainted food, not to mention the cost of the reputation hit on a brand when adulteration occurs.”

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Food Supply Chain Challenged to Creatively Meet Sustainability Goals

Oct 22, 2021 9:31:00 AM posted in Sustainability

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The global supply chain’s mission of moving food from farm to market, and onto our nightly tables, sounds simple but can be quite complex with government regulations, transportation, communication, and other logistical issues at play.

A call for more transparency and tracking, previously pegged to food safety issues, has been reinforced as the food supply chain is challenged to creatively meet new sustainability goals and initiatives.

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Bah Humbug! Food Supply Shortages Could Last into Holiday Season

Oct 8, 2021 9:35:00 AM posted in Inventory

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Food supply shortages could last well into the upcoming holiday season thanks to a combination of supply chain bottlenecks, transportation woes, labor shortages, and product and packaging availability.

CNN reported on Oct. 10, 2021 that “many of the country’s biggest food makers are telling grocers that they will have limited quantities of a number of their products, including items such as Rice Krispies Treats, Sour Patch Kids, some Ben & Jerry's ice cream flavors, McCormick gourmet spices and Marie Callender's pot pies because of labor, commodity and transportation constraints throttling supply chains, according to emails viewed by CNN and interviews with grocers.”

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Why You Need A Business Continuity Plan for Extreme Weather Events

Sep 24, 2021 9:01:00 AM posted in The Cloud

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Extreme weather events in Texas, such as the February freeze earlier this year that knocked out power across the state, or Hurricane Harvey in 2017 that wreaked havoc with wind and rain, make it more important than ever for companies to consider their business continuity plans.

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Artificial Intelligence is Changing the Way Our Food is Produced

Aug 25, 2021 8:55:00 AM posted in Traceability

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The Produce Marketing Association (PMA), the trade organization representing companies from every segment of the global fresh produce and floral supply chain, argues that artificial intelligence (AI) is changing the way our food is produced.

“Advancements such as machine learning, image recognition, and predictive modeling are being used in food production to boost productivity and efficiency,” writes Vonnie Estes, PMA Vice President Technology.

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Why You Need to be Worried About Ransomware and Cybersecurity

Aug 9, 2021 9:46:00 AM posted in Safety

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Ransomware hit the news this year when the Colonial pipeline was attacked — showing that no one is safe from criminal attackers. Every year, countless companies lose millions of dollars to cybersecurity breaches. Every company needs to be concerned about ransomware and cybersecurity, and every company needs to be prepared.

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Catch of the Day: Wholesale Seafood Vendors Net Profits with Tracking System

Jul 19, 2021 8:46:00 AM posted in Traceability

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Wholesale seafood vendors are under immense pressure during the COVID-19 pandemic as they find themselves in a marketplace driven by product shortages and pent-up demand.

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Where’s the Beef? Cyber Attacks Hit U.S. Meatpacking Facilities

Jul 16, 2021 8:39:00 AM posted in Safety

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In the world of cyber security, it is just not high-value economic assets like oil and gas pipelines, and information-sensitive government agencies that are the targets of cyber attacks but everyday businesses, including those in the food industry, are under increasing threat.

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New Labeling Rules Aimed at Foreign Companies that Mislead Consumers

Jul 12, 2021 8:38:00 AM posted in Traceability

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The United States Department of Agriculture (USDA) says it will issue new rules on labeling so that “domestic farmers and ranchers do not have to compete with foreign companies that mislead consumers”.

The top-to-bottom review of the “Product of USA” meat labeling term announced on July 1 is part of USDA’s effort to level the playing field for independent family farmers and ranchers.

The USDA “Product of USA” meat labeling announcement came on the same day that the Federal Trade Commission (FTC) finalized a new rule to deter rampant “Made in USA” fraud.

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