Can Brokers Survive the Supply Chain Data Crisis?

Posted by Denis Storey on June 20, 2019 at 12:39 PM

Broker Using TechnologyToday’s food supply chain is truly a global network. Experts figure 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 simply can’t swing a deal with a supplier or manufacturer because the buying power just 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, responsibility for these documents has been dropped into their laps.

This poses an imposing challenge. Brokers, distributors, and importers serve are 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brokers and distributors managed this process through simple file-sharing programs and spreadsheets hampered by outdated functionality while requiring too much manual input and upkeep.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 Free eBook today.

Tags: recordkeeping, supply chain, Food Safety Modernization Act, Brokers & Distributors