The backbone of an efficient supply chain
In the realm of waste reduction, supply chain management is paramount, with real-time data integration serving as its backbone. Companies such as PepsiCo are leveraging Internet of Things (IoT) sensors to monitor product conditions throughout the entire supply chain—from production facilities to retail store shelves. These sensors track critical factors like temperature, humidity, and location, empowering rapid responses to prevent spoilage.
In 2022, PepsiCo reported a significant 15% reduction in waste across its supply chain, a direct result of these IoT innovations. Real-time data not only curtails spoilage but also optimises logistics, effectively reducing transportation emissions and resource consumption. Through robust real-time monitoring, FMCG companies are building resilient and sustainable supply chains that adapt swiftly and effectively to any changes
AI-Powered inventory management: mastering stock levels
With AI-driven inventory management, FMCG companies are now equipped to balance supply and demand with unparalleled effectiveness. AI systems analyse an array of data points—from consumer buying patterns to local market trends and promotional schedules—to determine precisely how much stock is needed. This automation of inventory decisions not only eliminates overstock but also prevents waste, ensuring that consumers have access to fresh products when required.
