Supply Chain - Reading Assignment

Blockchain Business Course
#101
  1. To easily track down issues and improve food safety. It makes the process more traceable, transparent and fully digital.
  2. Make sure that the food sold is safe and it is easier to find where the problem comes from if there is a problem.
  3. Cost saving as it is easier to find problems to solve them. But also positive impact of traceability and open source with clients.
  4. More transparent supply chain thanks to blockchain.
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#102

To track the supply chain and avoiding food contamination.

More transparency and trust in the supply chain and the .

Reduce unnecessary cost, paperworks, fraud, expiration dates and more.

No control, it took longer to find the errors in the supply chain, with a shared network, everyone can see what has gone wrong in the chain. Transparency of the chain and companies.

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#103
  1. Better supply chain tracking, conditions and validation from end to end
  2. Cheaper final cost of the product
  3. More profit. It’s all about profit in the end of the day.
  4. Transparency of transactions
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#104

  1. What is the motivation behind Walmart investing in a blockchain solution? The primary motivation for Walmart is gaining/retaining consumer confidence. Being able to guarantee supply chain visibility is a great reassurance to their customers and enhances customer loyalty.

  2. How will this new solution benefit us as customers? The reassurance, particularly in a time where there have been contaminated goods that have caused people to be ill or worse, that there is a solid record of every step of the journey a product has made. Knowing that no misrepresenting of quality, dates or storage of any given product is of great benefit to us as consumers.

  3. How will this new solution benefit Walmart as a corporation?
    -Complete transparency over the products they are selling and are legally responsible for
    -Increased consumer confidence and therefore loyalty versus competing stores

  • Reduced risk of reputation damage resulting from the effects of contaminated goods
  1. What was the missing piece in their solution before they found blockchain?
    Visibility on all aspects that pertain to the product’s creation and delivery, for which the information is spread across multiple companies and databases and who don’t necessarily communicate with each other.
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#105
  1. Food contamination, disease, fraud, possible legal liability.
  2. We may be able to trust the labeling of the items. Efficiency and lack of fraud could lead to lower costs- which may lead to slower inflation of prices for consumer goods.
  3. The presumed lower costs due to; lack of litigation, less fraud, increased efficiency, will increase shareholder value and stock prices.
  4. They needed an immutable ledger that all sides could agree upon, or trust.
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#106
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To make food tracing more transparent and efficient.
  2. How will this new solution benefit us as customers?
    Blockchain substantially reduces the likelihood that infected food will reach the consumer.
  3. How will this new solution benefit Walmart as a corporation?
    Lower the costs of operation through more transparency and increased efficiency, being able to track food sources quickly and identify and correct issues in the supply chain.
  4. What was the missing piece in their solution before they found blockchain?
    Single source of truth
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#107

1] To obtain transparency in their food supply chain and improve food safety, thereby enhancing their brand
2] The customers will be able to scan the barcode and access the origins and histories of the food that they are purchasing
3] Increase trust between them and their customers, thereby increasing customer loyalty. Increase efficiencies in food traceability
4] Shared immutability in the supply chain companies

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#108

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Better food traceability from producer to consumer and more transparency. To easily avoid problems that they had in the past with food contamination. To ensure consumer confidence in their products.

  2. How will this new solution benefit us as customers?
    If a batch of food is contaminated or has problems, it can be identified fast and easy so the food will not end up on many customer’s tables. We as customers know the origin of the food, how was grown, how was transported etc.

  3. How will this new solution benefit Walmart as a corporation?
    Much faster time to trace a product or batch along the supply chain, from 7 days to 2.2 seconds.
    More satisfied customers will build brand trust.

  4. What was the missing piece in their solution before they found blockchain?
    They needed to replace the extensive manual process, a lot of paper filling and lack of trust. There was no clear way to put all participants together and have full transparency and trust along the supply chain process until they found blockchain.

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#109

1- Trying to imrpove transparecently and effciency in the Chinese Pork industry.

2- There will more transparency and the consumer will be more confident that the he eats is healthy.

3- It could help trace contamination like the spinach one.

4- A shared forum where companies could begin to see each others’ transactions and develop trust,” he said. “That missing piece is something like the blockchain.” (citation from the article).

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#110

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track and pinpoint more accurately and more quickly where food is sourced from and handled in their supply chain. It would also provide immutable information to them on quality control from initial food source to final destination for end consumer.

  2. How will this new solution benefit us as customers?
    We will have faith in knowing the true source of the food and the supply chain. Over time this knowledge will build trust.

  3. How will this new solution benefit Walmart as a corporation?
    For Walmart, a solution that becomes more trusted by their customers will mean more repeat business. They may also be able to charge a quality premium for their products if their competitors are not able to provide a similar solution.

  4. What was the missing piece in their solution before they found blockchain?
    The companies involved did not have any type of shared forum where they could see each others’ transactions and develop trust. They did not know if any bad actors were revising or alter the data after the fact when issues arose and were investigated.

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#111
  1. E. coli outbreak caused by bad sourcing of food and tracing contaminations led Wlamart to start searching for a way to track and pinpoint the food comes from, in order to alleviate potential risks and to ensure consumers’ confidence.
  2. Such a system could help prevent disaster scenarios like the fatal, nationwide
    outbreak and will ensure that consumers now when the food comes from, along with its supply chain track.
  3. It will boost consumers’ trust in Walmart giving the corporation a competitive advantage on the market.
  4. “The missing piece was a shared forum where companies could begin to
    see each others’ transactions and develop trust”.
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#112
  1. Provenance: traceability, transparency and digital set up for their supply system.
  2. Reduced probability of getting infected food to consumers. Transparency to their customers.
  3. The main value is the transformation of their food system which normally will benefit their shareholders in the mid-long term.
  4. Immutable, Transparent DB.
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#113
  1. To avoid contamination of products and be able to track the source of the products therefore ensuring confidence for the buyers of said products.
  2. It will benefit customers be being transparent of where the product has come until it has landed in the shop where you have purchased it. Also more accurately being able to verify the shelf live of products still for sale.
  3. Will increase confidence with customers and as secondary effect, boost sales. There will be more transparency and information from all the participants involved in the process or chain. This will all result in a higher quality product being sold.
  4. All participants data being shared between one another.
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#114
  1. Mainly because blockchain and supply chain are closely related and interdependent, in fact by using blockchain it is possible to improve product tracking, make the system more efficient, avoid issues with logistics and monitoring the entire process.
  2. It would benefit customers because they would be able to check information about the entire production process that brought a product on the shelf. This would make it possible to know where it was produced, from whom, how, what kind of process it went through, how it was delivered to the store and all the information that may be relevant in determining a purchase.
  3. It would allow Walmart to have greater transparency, improve its monitoring capabilities, provide the company with an up-to-date ledger full of information about its products. At the same time it could have an impact in terms of reputation, as blockchain is one of the main digital trends of these days, making it possible to use it as a marketing incentive.
  4. They did not have a system to share information in a transparent way, thus making it difficult to monitor transactions as well as develop trust among the actors on the market.
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#115

1. What is the motivation behind Walmart investing in a blockchain solution?
Their main motivation was the health of consumers. Following the scandal of contaminated food which caused the death of 3 people, it became important for them to be able to follow the goods in all transparency and to regain the confidence of their customers.

2. How will this new solution benefit us as customers?
More transparency in the supply chain guarantees us a better quality of the food we eat.

3. How will this new solution benefit Walmart as a corporation?
This new solution for Walmart will improve their reputation with consumers and likely increase their sales. In addition, this will benefit them compared to competitors who do not adopt the same approach.

4. What was the missing piece in their solution before they found blockchain?
They were looking for a way to communicate with other companies with more transparency and thus to be able to develop a bond of trust.

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#116

  1. Walmart wants to have a higher transparency and traceability for their customers but also for themselves. With a blockchain solution in their supply chain it is a way easier, and faster to track the source of food. Furthermore, blockchain enables an easier auditing process, because the whole process/ data information is stored and can be seen instantly on the blockchain. When there is something wrong or bad happens in the supply chain it can be identified very easily. This also leads to a reduction in costs. In today times a more transparent company who shows (or better to say so can proof)f where the food is coming from could win more customers.

  2. We as a customer can have a look where our foods are coming from and how they are treating the food. If I want to I could drive to the origin of the food and can decide whether I like how they are producing the food or not. Furthermore, the probability of dirty/ contaminated food for us as customers decreases. Maybe the food gets even cheapter, because expensive costs (auditing, paper work etc.) can be saved.

  3. The new solution shows that Walmart is interested in creating trust, transparency and traceability. This increase the confidence of their customers but can also attract new customers, because now they know where their food is exactly coming from. I said before they could also reduce costs, but I have not the expertise to judge it and they make their products safer.

  4. The missing piece was the shared database (blockchain) where everyone in the supply chain has access to information about the food. Information were missing and everything was based on trust and nothing was validated or proven.

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#117

  1. What is the motivation behind Walmart investing in a blockchain solution?
    They had issues defining the provenance of infected food in their supply chain. They needed a tool to track their supply chain faster and more efficiently.

  2. How will this new solution benefit us as customers?
    More precise information about the provenance of food as well as reduced risk of food contamination/infections.

  3. How will this new solution benefit Walmart as a corporation?
    The solution will bring about relevant information about the supply chain that will help executives manage it more efficiently. It also helps their public image by increasing transparency about food provenance.

  4. What was the missing piece in their solution before they found blockchain?
    A trusted digital tool that every actor of the supply chain can use to upload information and that can be easily followed by all stakeholders.

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#118

1.To make the information more traceable, transparent and fully digital. Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.

2.It would be faster to see if one of the affected farms sold infected supply to a particular location with much greater precision and that will greatly benefit their customers and transform the food system

3.Eliminating layers in the supply chain that exist today.

4.The missing piece was a shared forum where companies in the supply chain could see all transactions and develop trust.

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#119

More transparency and traceability, to avoid mistakes and fraud.
2.
Costumers will know where the product they buy is came from, which types of processes has been through, so all the history about the product since entering to a market, is traceable.
3.
As the food logistic is traceable in blockchain, probably more costumer wants to buy products with higher transparency. Only the transparency is a big benefit already
4.
A shared forum where companies could begin to see each others transactions and develop trust.

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#120
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • To enable them to track food from source in order to identify any specific threats rather than have to pull entire product lines. To reassure customers of their commitment to food safety.
  1. How will this new solution benefit us as customers?
  • Less risk to health and more consumer confidence
  1. How will this new solution benefit Walmart as a corporation?
  • They will have up to date accurate information enabling them to act fast in a crises. Reduce potential waste. Instill a strong customer confidence in their brand
  1. What was the missing piece in their solution before they found blockchain?
  • Transparency, speed and efficiency in tracing food souces.
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