Over 10 years experience of Traceability Solutions
By pharmatrax
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Traceability is the capacity to verify the history, location, or status of an item utilizing documented identification.
Disruptive technologies, such as artificial intelligence, the Internet of Things, blockchain, and collaborative platforms, can take traceability systems to another level, offering detailed reports on any product’s status and movements and creating direct links between the various stakeholders along the supply chain, from producers to end-users.
The World Health Organization estimates that around 11% of medicines in developing countries are counterfeit, and Newsweek reported in 2015 that “anywhere from 100,000 to a million people die every year due to falsified drugs.”
Traceability provides potentially life-saving information on pharmaceutical products, such as instantaneous notification of any non-conformities, status confirmation and expiry date, counterfeiting alerts, and more.
The “Implant Files” investigation conducted by the International Consortium of Investigative Journalists (ICIJ) laid bare the human suffering caused by faulty medical devices.
Traceability makes it possible to know whether a medical device is defective or counterfeit and provides visibility over every single event throughout the supply chain.
Transparency in public health, prevention, preparedness, and corrective actions can become reality by using traceability in the event of a food safety issue.
Manufacturers, retailers, and consumers want and need to know everything about their food, such as the origin of ingredients and their attributes, where and how the products were processed, and so on.
The natural resources industry is under increasing pressure to make the origin of products more transparent, to ensure the security of raw materials, and to be more aware of the environmental impact of the agriculture, livestock, fishing, forestry, and mining sectors.
In addition to optimizing available resources, facilitating the reuse of materials, authenticating products, and ensuring fair and sustainable trade, traceability allows companies to take control of their products’ carbon footprints.
For every industry, every product, at every level, traceability is the driver of a smarter, safer, more efficient, entirely connected global supply chain – an intelligent supply chain. It is the key to a more sustainable world.