Tyson Foods and FoodLogiQ Partner on Blockchain based Supply Chain Management
Tyson, Hillshire Farm and Jimmy Dean on Blockchain?
Multinational firm and food innovators, Tyson Foods has recently revealed their alliance with Software as a Service (SaaS) based food supply chain provider, FoodLogiQ in an attempt to smoothen supply chain procedures. According to the Tyson, the firm will utilize the latter’s, ‘Connect’s Manage + Monitor product’ to ensure that common problems within the logistics and supply chain sector are eliminated.
In particular, it has been disclosed that the duo’s effort will help to openly present the global supply chain, and to increase supplier management, trackability of quality concerns and reporting.
This is an evident step for the food innovators, as Tyson Foods is known for supporting a wide range of household names such as Tyson®, Hillshire Farm®, and Golden Island® to name a few.
According to the SVP of Food Safety and Quality Assurance, Dr. Scott Stillwell, the formation of the said relationship was surely to occur, as Tyson Foods has previously contributed to many of FoodLogiQ’s efforts. Some of which include FoodLogiQ’s blockchain pilot and financially contributing to their fundraising round.
The duo has continuously lifted one another, and Stillwell believes that their shared values on “commitment to food quality, safety and transparency” are the main reasons for such a strong relationship. He further added that the duo means well for the food industry and ultimately, will do what it takes to provide “superior products to our customers.”
In this new endeavor, Tyson Foods will benefit from FoodLogiQ’s blockchain platform in three particular ways.
First, the platform will be used to centralize supplier documentation to ensure quality checks and evaluations have been successful. Second, the issue of the lack of trackability is said to be resolved via blockchain, as it will help Tyson Foods trace back to problems in advance. Lastly, the multinational firm trusts that FoodLogiQ’s platform can “leverage data-driven reporting,” which have been proclaimed as essential for decision-making procedures.
Speaking regarding the partnership is Katy Jones, Executive VP of Sales and Marketing at FoodLogiQ, who seems to be pleased with FoodLogiQ’s “ease of use”, adding that it will help Tyson Foods earn a ROI that not only reflects profit, but also “efficiencies in their supply chain.”
— Tyson Foods (@TysonFoods) August 23, 2018