Capturing and storing the right supply chain event data can help companies visualize their entire supply chain and achieve tech-enabled traceability. Stitching together product and ingredient events at the batch-lot level can increase transparency, reduce time to locate tainted products and minimize waste from withdrawals and product extractions.
Participants in the global food system need to speak the same language in order to reap these benefits. And, in recognition of this need, efforts are being made across the industry to build connections between stakeholders to enable interoperability, while standards bodies and regulators are also seeking to normalize food traceability data elements and practices. Understanding food traceability events is the key to understanding where the industry is headed in terms of supply chain modernization and transparency, specifically the evolution of two key concepts: Critical Tracking Events (CTEs) and Key Data Elements (KDEs).