Optimising Perishable Goods Visibility for Success in the ANZ Market
Adapt Ideations • November 8, 2023
Enhancing Business Operations with Real-Time Visibility Solutions
Managing perishable goods in the Australian and New Zealand (ANZ) market presents unique challenges. The demand for
perishable products, such as food and beverages, is on the rise due to a range of factors. In 2023, the
food market in ANZ is estimated to reach US$87.66 billion, with meat being the largest segment, accounting for US$17.84 billion. This growth is a testament to the importance of this sector in the region.
The key to success lies in effectively managing the supply chain of perishable goods, such as food and beverages. Any lapse in monitoring these products can result in losses, compliance issues, and supply chain inefficiencies. This blog explores how real-time visibility solutions can be a game-changer for companies dealing with perishable goods in the ANZ region.
The Significance of Real-Time Visibility in Cold Chain Technology
Real-time visibility solutions are the game-changer in this scenario. By providing businesses with immediate insights into the conditions of their perishable goods, real-time visibility solutions help prevent temperature and other deviations of set conditions that can lead to spoilage. When you know where your goods are and their condition, you can make smarter decisions backed by data.
In essence, they ensure that your cargo reaches its destination in optimal condition, satisfying both consumers and regulators. The need for these solutions has never been more apparent, especially with the perishable prepared food market expected to reach $120.5 billion in 2023.
It's not just about efficiency. Real-time visibility can make your cold chain logistics more environmentally friendly.
Challenges in Perishable Goods Management
The challenges in managing perishable goods are multifaceted. It involves a web of logistical operations, compliance with stringent standards, and the need to achieve sustainability goals. Let's dive into these challenges:
- Logistical Complexities: Perishable goods require temperature-controlled environments throughout their journey. The complexities of maintaining these conditions are not to be underestimated.
- Compliance Requirements: Regulatory bodies demand strict adherence to temperature and humidity standards to ensure the safety and quality of perishable goods. Non-compliance can result in legal consequences and damage to your brand reputation.
- Sustainability Imperative: Modern businesses are focusing on sustainability. Implementing eco-friendly and energy-efficient practices is essential in perishable goods management.
Benefits of Real-Time Monitoring Solutions
Solutions enabling real-time visibility can provide a range of benefits, including:
- Immediate Alerts: Real-time visibility solutions offer alerts when conditions deviate from the specified range. It will allow you to take prompt action and prevent spoilage.
- Data-Driven Decision Making: With access to real-time data, businesses can make informed decisions, optimise routes, and enhance supply chain efficiency.
- Customer Satisfaction: Consistently delivering high-quality products to customers fosters trust and satisfaction, leading to long-term relationships.
- Optimised Routes: Real-time monitoring solutions help to choose the most efficient routes, minimising transit time and costs.
- Reduction in Waste: Minimising spoilage reduces waste and in turn, helps in achieving sustainability goals.
- Simplified Compliance: Meeting regulatory requirements becomes easier with detailed records of temperature and other vital conditions.
- Proactive Compliance: By having access to real-time data on vital conditions that products are exposed to, businesses can simplify their understanding of compliance for every stakeholder and demonstrate their commitment to regulatory compliance.
Read more about - The Importance Of Supply Chain Visibility For Perishable Goods.
Real-Time Visibility Solutions for Perishable Goods in ANZ
The current market trends in the ANZ region necessitate a proactive approach to perishable goods management. As the largest segment in the food market in 2023 is meat, there's a growing need for reliable visibility solutions to protect these goods and understand how they are handled.
How Cold Chain Logistics Impact Perishable Goods
Cold chain logistics are the backbone of managing perishable goods. Real-time visibility solutions ensure that these products remain in optimal condition. Starting from the moment they leave the manufacturer to their final destination.
Solutions for Enhanced Visibility in the Supply Chain
We at Adapt Ideations provide a solution that aligns perfectly with the needs of the industry. We offer two innovative real-time monitoring solutions:
- KELVIN IoT Devices: These keep an eye on your temperature-sensitive shipments, ensuring they always remain compliant. The solution ensures visibility throughout the supply chain, reducing the risk of spoilage and damage.
- PIXEL Temperature Data Loggers: Made for cold storage monitoring they help you ensure perishable goods have been stored within the correct conditions ultimately ensuring compliance has been maintained and any waste of products is reduced.
Addressing Challenges & Achieving Efficiency
Real-Time Monitoring with KELVIN IoT Devices.
Our KELVIN IoT Track-and-Trace Devices offer real-time monitoring, with the following advantages:
- Immediate Alerts: Receive instant notifications of temperature and other deviations on vital conditions, ensuring rapid response.
- Data Analytics: Access data any time anywhere alongside reporting capabilities with the portal to make informed decisions and optimise processes.
- Sustainability Focus: Our devices are reusable, promoting the concept of greener cold chains and eco-friendly practices.
Utilising PIXEL Temperature Data Loggers for Cold Storage Operations.
The PIXEL Temperature Data Loggers are tailor-made for cold storage operations:
- Real-Time Visibility: Keep an eye on temperature and humidity conditions within your cold storage spaces in real-time, ensuring the quality and safety of your goods.
- Efficiency & Compliance: Achieve greater efficiency and compliance standards for cold storage operations.
Advantages of Complete Visibility in the Supply Chain
Complete visibility across the supply chain is not just an advantage but a necessity. It:
- Prevents Losses: Immediate alerts help prevent losses due to spoilage or non-compliance.
- Enhances Reputation: Delivering top-quality products consistently enhances your brand's reputation.
- Boosts Sustainability: By reducing waste, your business contributes to a greener future.
Conclusion: The Power of Real-Time Monitoring for Perishable Goods
In conclusion, the demand for perishable goods in the ANZ market is on the rise, and businesses need to adapt to this growing market. Real-time visibility solutions are the key to optimising perishable goods management in the ANZ market. Also, the exponential growth of the perishable prepared food market emphasises the need for immediate action. It's time to revolutionise your cold chain and logistics operations with Adapt Ideations' KELVIN IoT Devices and PIXEL Temperature Data Loggers.
Ready to ensure the success of your perishable goods in the ANZ market?
Contact us today to find the perfect solution that aligns with your business's needs.
Enquire to find out more about our innovative solutions and how they can be utilised at enquiries@adaptideations.com
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The global landscape of healthcare is evolving rapidly, with vaccines playing a pivotal role in preventing and mitigating diseases. The World Health Organization (WHO) underscores the critical need for vaccines to be stored and transported at specific temperatures to ensure their efficacy and safety. The COVID-19 pandemic has underscored the fragility of global vaccine distribution, emphasizing the importance of maintaining the cold chain during transportation and storage. Importance of Cold Chain in Vaccine Distribution The efficacy of vaccines is intricately linked to the maintenance of the cold chain. The global cold chain packaging market is projected to grow at a substantial CAGR of 14.8% from 2023 to 2033, driven by the escalating demand for temperature-controlled packaging solutions, especially in the pharmaceutical industry. This growth is indicative of the increasing recognition of the significance of the cold chain in preserving the efficacy of vaccines. The Role of Active Track & Trace Solutions Amid the challenges posed by maintaining the cold chain, the emergence of the active track and trace solutions has become a game-changer in ensuring the integrity of vaccines. 1. Real-Time Monitoring for Vaccine Integrity Active track and trace solutions provide real-time monitoring, offering a dynamic and immediate response to deviations from the recommended conditions. This capability is instrumental in preventing temperature excursions that could compromise the quality of vaccines during transportation and storage. 2. Automated Alerts for Swift Intervention One of the key benefits of active track and trace solutions is their ability to generate automated alerts. In the event of any deviations from the optimal temperature and other vital conditions, stakeholders receive instant notifications. This swift intervention minimizes the risk of vaccine wastage and ensures that corrective measures are taken promptly. 3. Data Analytics Enhancing Decision-Making Beyond real-time monitoring and alerts, active track and trace solutions contribute to data analytics. The integration of analytics provides valuable insights into the performance of the cold chain. Decision makers can leverage this data to optimize supply chain processes, further enhancing the efficiency of vaccine distribution systems. Challenges in Vaccine Tracking The pharmaceutical industry faces unique challenges in tracking and distributing vaccines, especially in the wake of global health crises like the COVID-19 pandemic. 1. Increased Demand and Market Growth The global vaccine market is expected to grow at a CAGR of 5.74% from 2024 to 2030, fueled by the escalating demand for vaccines worldwide. The Asia-Pacific region, with its rapidly growing market, is at the forefront of this expansion. The surge in demand poses challenges in efficiently meeting the needs of diverse populations. 2. Vaccine Distribution Challenges The COVID-19 pandemic had triggered a surge in demand for vaccines globally, highlighting the need for efficient and effective distribution systems. Advanced technologies, including active track and trace solutions, play a pivotal role in overcoming the challenges posed by increased demand and ensuring a seamless distribution process. The Intersection of Technology and Vaccine Distribution To overcome the challenges of vaccine tracking and distribution, the pharmaceutical industry is increasingly turning to advanced technologies. 1. Blockchain and AI for Enhanced Efficiency and Security The utilization of technologies such as blockchain and artificial intelligence (AI) holds great promise in improving the efficiency and security of vaccine distribution systems. Blockchain, with its tamper-proof ledger, enhances supply chain security. AI, on the other hand, analyzes vast datasets, providing insights that can be utilized to optimize supply chain operations. 2. Global Cold Chain Logistics Market Growth The global cold chain logistics market is projected to grow at a significant CAGR of 15.1% from 2021 to 2028, emphasizing the increasing demand for temperature-controlled logistics solutions. This growth further underscores the need for advanced technologies to ensure the integrity of temperature-sensitive products, with active track and trace solutions at the forefront. Maersk's Perspective on Cold Chain Logistics Maersk's whitepaper on the state of cold chain logistics provides insights into the pressing need for advanced technology adoption in the global supply chain. 1. Technology Enhancement Goals With 75% of the global supply chain seeking more technological enhancements by 2026, the demand for IoT solutions, including active track and trace solutions, is becoming more critical. 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Reduced Lead Times and Improved Quality Control By automating and streamlining repetitive processes, digital technologies can significantly reduce lead times, resulting in faster product delivery and increased customer satisfaction. AI and machine learning can enhance quality control by analyzing large datasets, identifying patterns, and enabling proactive quality management. c. Cost Savings and Sustainability Digital transformation can result in significant cost savings for pharmaceutical companies by reducing waste, improving inventory management, and optimizing processes. This is crucial for ensuring the profitability and sustainability of the industry.
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Overview After experiencing multiple lockdowns and restrictions globally during the pandemic Adapt Ideations saw a clear answer to overcoming challenges such as manufacturing delays or orders requiring a quick turnaround. This led the company to identify regional manufacturing support that could be utilized to meet these necessary requirements. Adapt Ideations turned to Circuitwise , a local Australian manufacturing company to diversify our manufacturing. Problem A significant takeaway from the global pandemic highlighted the need for regional manufacturing support due to prior reliance on international manufacturers. Not only were periodic delays experienced, but turnaround times between product testing and challenges with global logistics to our regional hubs were felt throughout the pandemic. This led Adapt Ideations to seek regional manufacturing support in order to combat future challenges experienced from solely relying on overseas based suppliers for manufacturing our products. Regional support can also be utilized for smaller orders or when a quick turnaround is essential for orders placed. In most cases our clients have a significant number of devices in circulation at any point of time. An important aspect of the devices in circulation is managing them effectively particularly over a number of different sites. In order to achieve this, Adapt Ideations provides customers the ability to use mass charging boards in which a number of devices can be charged at the same time without individually having to connect each device to a USB cable and subsequently into a power socket to charge. Solution In a company first, Adapt Ideations partnered with Circuitwise , a local Australian manufacturing company to meet the requirements of an order for mass chargers that needed to be fast tracked. With Adapt Ideations largely working with clients who handle cold chain products that are often highly regulated, partnering with a supplier who maintains a high level of reliability & safety standards and has demonstrated experience working with similar industries is paramount to ensure consistent high standards are maintained. The benefits of partnering with a regional manufacturing supplier can be measured on a number of metrics such as experiencing a quicker turnaround to better meet the needs of our clients when required, eliminating the need for globally importing products and cost savings associated with smaller orders placed. Future After the first successful project working alongside Circuitwise, Adapt Ideations hopes to expand the partnership and work with Circuitwise on a number of future projects. Their commitment to high quality standards and collaborative approach has been fundamental in supporting us throughout our first project with Circuitwise. “Increasing supply chain resilience post pandemic has been a significant focus area for Adapt Ideations. Our collaboration with Circuitwise provides a strategic assurance to our ANZ supply network while supporting the drive to promote manufacturing in Australia. We look forward to more exciting projects in the coming days.” - Anirban Gupta Co-Founder and Director, Adapt Ideations Circuitwise CEO Serena Ross said she was pleased to see another company realize the benefits of manufacturing in Australia, particularly for small to medium-sized production runs. “There are many good reasons for manufacturing in Australia ,” Serena said, “including speed and reliability, responsiveness, ease of communication, reduced tariffs and intellectual property protection.”
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Temperature-controlled logistics is a crucial aspect of global supply chains, particularly in the pharmaceutical industry. Maintaining the correct temperature during transportation is not just a logistical issue but also a critical factor in ensuring the safety and efficacy of life-saving vaccines and other temperature-sensitive products. As the demand for temperature-sensitive products like vaccines and biologics continues to surge, ensuring their safe transportation is paramount. Any deviation in temperature during transit can compromise the efficacy of these products, leading to significant financial losses and potential health risks. This blog delves into the evolution of temperature-controlled logistics, critical challenges faced in this sector, and groundbreaking innovations that address these challenges. With a focus on real-time monitoring through IoT solutions, we aim to showcase the advancements that contribute to the efficiency and compliance of global pharmaceutical supply chains. Evolution of Temperature-Controlled Logistics Temperature control has undergone a remarkable transformation in the last two decades. Stringent global regulations, customer demand for new temperature ranges, emerging markets with extreme temperatures, and the growing value of drugs like biologics have been essential driving forces. These factors have spurred the evolution of temperature-controlled logistics to meet the demands of a rapidly changing world. The landscape of temperature-controlled logistics is evolving, thanks to technological advancements. Trends include the growing availability of prequalified shippers simplifying the validation process, sophisticated supply chain services, a rising interest in reusable packaging, and advances in temperature-monitoring technology. These innovations contribute to the industry's ability to adapt and thrive in a dynamic environment. Temperature-controlled logistics involves managing the flow of products through a cold chain. Divided into food and pharmaceutical sectors, the global market size of cold chain logistics is projected to grow significantly. From USD 242.39 billion in 2021 to USD 647.47 billion by 2028, exhibiting a CAGR of 15.1%, the industry is expanding rapidly, reflecting its critical role in modern commerce. 3 Key Challenges in Temperature-Controlled Logistics Compliance Issues Stringent Regulatory Standards: Global temperature-controlled logistics operates within a framework of strict regulations set by health and safety authorities. Meeting diverse regulatory requirements across international borders poses a significant challenge for companies in this sector. Documentation & Reporting: Compliance involves meticulous documentation and reporting of temperature-sensitive shipments. Keeping up with the evolving documentation standards requires streamlined processes and robust systems. Validation & Qualification: Ensuring the validation and qualification of equipment and processes according to regulatory standards is an ongoing challenge. The need for continuous validation adds complexity and time constraints to logistics operations. Risks of Temperature Deviations Product Integrity: Temperature-sensitive products, especially pharmaceuticals and biologics, are highly susceptible to temperature deviations. Even brief exposure to temperature breaches during transit can compromise the integrity and efficacy of these products. Financial Implications: Temperature deviations can lead to significant financial losses for companies. Replacing or disposing of compromised products and potential legal repercussions contribute to financial challenges. Supply Chain Disruptions: Temperature deviations can disrupt the entire supply chain, leading to delays in product availability. This not only affects businesses but can have critical implications for healthcare providers and patients relying on timely access to medications. Security & Theft Concerns Value of Cargo: Temperature-sensitive cargo, such as pharmaceuticals, vaccines, and high-value perishable goods, can become a target for theft. The significant value of these products heightens security concerns throughout the supply chain. Vulnerability During Transit: The vulnerability of cargo during transit, particularly in unsecured areas, poses a constant risk. The potential for theft during transportation adds complexity to securing temperature-controlled shipments. Need for Tracking & Monitoring: Ensuring the security of temperature-sensitive cargo requires robust tracking and monitoring systems. Integrating security features, such as real-time location tracking and tamper-evident technologies, is essential to mitigate theft risks. In navigating the intricate landscape of temperature-controlled logistics, companies must address these multifaceted challenges to uphold compliance, safeguard product integrity, and ensure the security of valuable shipments. Innovative solutions, such as advanced monitoring technologies and comprehensive security measures, are crucial in overcoming these challenges and fostering a resilient and efficient supply chain.
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