SAFETY FIRST: CONSUMERS CRAVE FOOD TRACING TECHS AND STANDARDS
In a constantly evolving supply chain environment, end-to-end traceability enables visibility, at the same time addressing costly, dangerous recalls and building trust among consumers. Little wonder that the global food traceability market, including tracking technologies, is expected to soar at a CAGR of 8.7 percent, reaching expected revenue of $14.1 billion by 2020. Food traceability is fast becoming a norm for all food producers worldwide as a result of consumer demands and new laws concerning food safety.