Blockchain traceability solutions for the coffee supply chain’s equality
Blockchain traceability solutions can be the answer to the coffee supply chain's equality. How will companies benefit from the technology? According to the International Coffee Organization (ICO) latest report, the global coffee industry liberalization over the past three decades has resulted in a significant increase in supply chain trade. In particular, the coffee supply chain is increasingly associated with specialization and high efficiency. The solid and close relationship between the members involved is also a highlight of the industry. Coffee is the largest segment in the Hot Beverages market and is expected to hit global sales of US $585 billion by 2025, primarily due to the continued boom in special coffees in foodservice. Coffees types in the Consumer Market Outlook include whole roast, ground coffee, pieces and pods, and Instant Coffee. However, the imbalance in the value chain of the coffee industry and sustainability are posing challenges for the industry. The big qu...