UNICEF improving food & vaccines supply chain
Despite the many advancements in technology, when one-third of the world’s food is lost or spoiled in logistics because of poor management and human error, the need to come up with problem-solving solutions becomes pressing. However, the challenges associated around logistics are not mere limited to transporting food. For example, the world's largest procurer and distributor of vaccines, UNICEF, wants to ensure the quality and safety of the vaccines. 

Vaccine purchasing has become increasingly complex in recent years as the market has changed. This is due to a growing divergence in the type of vaccines used in industrialized and developing countries. From transporting food to vaccines, inefficiencies of the temperature-controlled supply chains, known as cold chains, often leads to interruptions, issues around safety, and regulatory problems. Nearly 50-60% vaccines lose their efficacy owing to cold chain failures. In addition to this, 80% of the vaccines lose their efficacy due to supply chain mismanagement. UNICEF Innovation Fund essentially provides equity-free funding for startups to strengthen their technologies. The investment is to develop the technology in general and is not a commercial contract. 

Read also:
Indian startup get funding from UNICEF
StaTwig, a firm which uses Internet of Things (IoT) and blockchain to monitor every minute step of the products’ journey, providing complete transparency and preventing disruptions in large-scale deliveries. 

FDA Announces “New Era of Food Traceability"
On April 30, 2019, Acting FDA Commissioner Ned Sharpless, M.D., and Deputy Commissioner Frank Yiannas announced a “ New Era of Smarter Food Safety ,” an effort intended to combine the implementation of FSMA with the use of new and emerging technologies. This new approach will start with the development of a “Blueprint for a New Era of Smarter Food Safety,” which will address several areas of food safety, including traceability, digital technologies, and evolving food business models. Read more
Global food traceability market is expected to garner $22.27 billion by 2025
According to the report published by Allied Market Research, the global  food traceability market  is expected to garner $22.27 billion by 2025, from $10.96 billion in 2017, registering a CAGR of 9.3% from 2018 to 2025. Asia-Pacific is estimated to register the largest growth rate with a CAGR of 14.9% from 2018 to 2025, owing to growth in application industries such as fresh produce & seeds, fisheries, and meat & livestock along with expansion of leading players in China, India, and other emerging economies.  For more click here
CNP target to print 6200 million banknote pieces in 2018-19
In April this year, the Reserve Bank of India (RBI ) had announced that it would issue Rs20 denomination banknotes in  the new Mahatma Gandhi Series. According to sources, around 800 million new notes of Rs 20 denomination are to printed during the fiscal year. At present, CNP Nashik prints 17 million currency notes of various denominations, including 8 million pieces of Rs500 denomination, 5 million pieces of Rs100 denomination and 4 million pieces of Rs50 denomination. It has been given a target of printing 6,200 million pieces of currency notes of various denominations like Rs500, Rs100, Rs50 and Rs10 for the current financial year 2019-20. Read more
Ashton Potter targeted Product Recall Management Functionality for the Food & Beverage Industry
Offering applies individualized, serialized identities to every ingredient and food item at any point in the value chain, beginning in the field and extending to the end consumer. The solution then stores these insights in a centralized, Blockchain-enabled database to maximize data scalability, security, and accessibility for key stakeholders.   Click here
CSS and ShadowTrack 24/7 (ST247) partnerd to provide sealing and track and trace solutions
Cambridge Security Seals (CSS) provider of tamper-evident seals and security solutions, and ShadowTrack 24/7 (ST247), providers of GPS-based track-and-trace products and services, unveiled a joint distribution agreement which will provide both company's customers with full and direct access to each other's products and services. Through this unique agreement, CSS will add ST247's array of affordable GPS tracking solutions, shipment monitoring and cargo theft recovery services to its product line. Simultaneously, ST247 will carry the full breadth of CSS's industry-leading tamper-evident and barrier seals, tamper-evident tapes and labels, and other security devices. Click here
VerifyMe and Covectra Enter Into a Strategic Partnership
VerifyMe, Inc . a digital security, authentication and tracking technology solutions provider, has entered into a strategic partnership with Covectra, Inc., a multi-layered brand protection company. The Cross Selling Agreement has been signed as a Memorandum of Understanding giving VerifyMe the ability to sell and create a distribution channel to the Pharmaceutical, Food & Beverage, Tobacco and other industries. The Agreement addresses the Pharmaceutical industry’s new Serialization, Track and Trace technology requirements mandated by the FDA in November 2018.  Click here
Counterfeit this week
Regulatory updates
ASPA in News
Member's News
Upcoming Industry Webinar & Events
Latest Tender Alert
1. SOUTH AFRICA REVENUE SERVICE, Tenders are invited for Provision of production management, Track & trace solution for cigarettes, Deadline: June 20, 2019

2. SERVICES SETA, invite tender for Track & trace learners who took part in work-based learning programmes, Conduct research on impact of green cleaning on cleaning industry skills landscape & positioning of marketing industry for 4 industrial revolution
Deadline: 11 Jun 2019