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Can Brokers Survive the Supply Chain Data Crisis?

Denis Storey
June 20, 2019

eBook: “Brokers & Distributors Face a Data Crisis”

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eBook: Brokers & Distributors Face a Data Crisis

Learn what FSMA means for brokers, distributors, and importers and how to address the data flow challenges.

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Today’s food supply chain is truly a global network. Experts estimate that about $14 trillion worth of food makes its way through the chain every year.

And while there are a variety of stakeholders who play critical roles, brokers, distributors, and importers have seen more changes than most in how they do their jobs. As the Food Safety and Modernization Act (FSMA) has navigated choppy waters toward full implementation, it’s caught brokers and distributors in its wake.

No other enterprise handles its products quite like the food business. Most smaller players can’t swing a deal with a supplier or manufacturer because the buying power isn’t there – whether it’s because of a lack of quantity or frequency.

That’s where brokers, distributors, and importers come in. They help enable a whole segment of players to come up with a stake for a seat at the table. But economic and health policy forces have led to a flood of documentation now required at every step of the supply chain. And that documentation must accompany each ingredient throughout its journey to ensure transparency and compliance. For brokers, distributors, and importers, these documents are now their responsibility.

Recordkeeping poses an unique challenge. Brokers, distributors, and importers serve as the new curators. Historically, brokers and distributors managed this process through simple file-sharing programs and spreadsheets hampered by outdated functionality while requiring too much manual input and upkeep. All too often, these documentation systems are time-consuming and ripe for mistakes. They also can make it difficult – if not impossible – for multiple parties to access the system to either retrieve or submit documentation.

But there’s a better way. Brokers, distributors, and importers can manage their documentation with TraceGains Supplier Management and Customer Management solutions. This effective combination allows brokers and distributors to manage all their customers and relevant documents in one, easy-to-use platform while leveraging TraceGains’ PassThru™ technology.

To find out more about these challenges, and how TraceGains can help brokers distributors overcome them, download our complimentary eBook today.