“The Food and Agriculture Organization (FAO) estimates that almost a third of all food produced globally, is lost or wasted every year due to inefficient transport and storage of perishable produce.”
The fact that almost a third of all food produced globally is lost or wasted every year due to inefficient transport and storage of perishable produce is creating food supply chain vulnerability in a world already struggling to fairly and efficiently distribute food to its growing population. Such inefficiencies also lead to diseased food products which threaten the health of our families.
Furthermore, food price volatility is leading to significant unnecessary uncertainty and insecurity. In extreme cases when prices unexpectedly plummet, it becomes more economical for farmers to allow crops to rot in the field than to send them to market.
“The Multi-Dimensional Digital Economy Application System will facilitate more efficient delivery of food to the market place and provide an audit trail for better food disease containment."
The challenges faced by the agriculture industry can be minimized with improved efficiency and transparency across the global value chains. The MDDEAS provides the tools to facilitate better planning and tracking of shipments as well as the dynamic electronic exchange of trade documentation, including accurate and timely compliance with government and industry information requirements. This will speed handoffs throughout the supply chain, thereby reducing shipment delays which can lead to spoiled food product. In addition, such real-time documentation will facilitate the establishment of a globally efficient agricultural health surveillance system towards better food disease containment.
"Reduce post-harvest food yield losses and improve food disease containment”
Benefits of this system will:
- Proactively, not reactively, provide a globally efficient agricultural health surveillance system to offset quality concerns and contain food disease outbreaks
- Provide a multi-source data visibility and validation to improve risk assessment and help monitoring bodies access and respond to crisis situations
- Reduce spoilage increasing post-harvest yield
- Lower the burden of agriculture industry regulatory compliance