Though the majority of food businesses (74%) recognize the importance of supply chain traceability, food companies are encountering challenges to implementing real-time, end-to-end traceability, according to new research from Foods Connected. In an effort to understand the factors influencing the adoption of supply chain traceability, Food Connected conducted a survey of 500 industry professionals in the US and the UK.
More than four in 10 (42% of) surveyed companies don’t yet have a digital system to manage food safety, quality, and traceability; however, they’re considering investing in such a solution. Unfortunately, data silos present a challenge for 69% of companies, and they face several other major barriers, including:
Lack of education about available funding opportunities
Insufficient understanding of traceability’s benefits
The industry is slow to invest in new technologies
The need to upskill employees
Collecting the correct data without analyzing it
Even with all these hurdles to overcome, most businesses in the US (68%) say they’ll be ready for FSMA 204 compliance deadlines, and 79% of UK companies feel prepared for EUDR.
Find more insights on food supply chain traceability in the full report.
