Schneider Electric Unveils “End to End Traceability,” a New Total Traceability Application For Food & Beverage Products
Schneider Electric Unveils “End to End Traceability,” a New Total Traceability Application For Food & Beverage Products
• Schneider Electric is boosting its EcoStruxure™ for Food & Beverage offerings with a new traceability and monitoring module
• A prototype combining Schneider Electric’s expertise in the food & beverage segment with Microsoft’s expertise in blockchain is being presented at the Innovation Summit Paris on April 5-6, 2018
• Schneider Electric and Microsoft joint mission is to work on delivering sustainable food
Rueil-Malmaison (France), April 5, 2018 – End-to-end product traceability has become a major challenge for Food & Beverage companies aiming to meet growing stakeholder demand. With this in mind, Schneider Electric, the leader in digital transformation of energy management and automation, is developing a new “End to End Traceability” tool to monitor products across the entire supply chain, both upstream and downstream of manufacturing plants. To do so, Schneider Electric is combining its knowledge of the Food & Beverage segment with the expertise of Microsoft, its partner, in blockchain technologies.
Traceability: a major challenge for food and beverage manufacturers
Faced with increasingly complex supply chains, stricter regulation and more demanding consumers, food and beverage manufacturers are making a priority of product traceability. The stakes are high, involving brand reputation, regulatory compliance, competitive advantage and costs. An Allianz Global Corporate & Specialty report published in late 2017 estimates that insurance claims for a product recall reach an average of $9.5 million, with the Food & Beverage industry being the second most impacted, just after the car industry. Food & Beverage product traceability can be complicated to set up, given the number of stakeholders involved across the supply chain (producers, suppliers, manufacturers, distributors, transporters…)
Achieving traceability across the entire supply chain
At its Innovation Summit, hosting more than 5,000 experts, customers and partners from all over the world on April 5-6, 2018 at Paris Expo Porte de Versailles, Schneider Electric will present during its Schneider World Premiere the latest innovations in its EcoStruxure™ IoT-enabled, plug and play, open, interoperable, architecture and platform. EcoStruxure™ delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity. EcoStruxure™ leverages advancements in IoT, mobility, sensing, cloud, analytics and cybersecurity to deliver Innovation at every level, from Connected Products, Edge Control to Apps, Analytics & Services. EcoStruxure™ has been deployed in 480,000+ installations, with the support of 20,000+ system integrators, connecting over 1.5 million assets. On this occasion, Schneider Electric will unveil a proof of concept for its new “End to End Traceability” application, as part of EcoStruxure™ for Industry. Benjamin Jude, Food & Beverage Segment Solution Architect at Schneider Electric, said “this End to End traceability facilitates much faster product recalls.”
Building on its expertise in the Food & Beverage segment, with 21 of the Global Top 25 major Food & Beverage companies among its customers, Schneider Electric has worked with a major fresh produce retail group, a distributor and a transporter to develop a prototype for the downstream part of “End to End Traceability.” In addition to ensuring full product traceability, “End to End Traceability” will also offer time savings by warning the distributor in real time of any delays in delivery or production.
Combining Schneider Electric’s industrial know-how with Microsoft’s blockchain expertise
“End to End Traceability” incorporates cutting-edge Schneider Electric technologies, including shock/humidity Telemecanique Sensors and a “click-to-cloud” system for reporting secure information from connected objects and sensors. To manage efficiently the information from these different sources, Schneider Electric has drawn on its partner Microsoft’s Azure cloud platform and knowledge of blockchain technology.
Microsoft partnered with Schneider Electric to select the most suitable blockchain technology and to build very quickly the PoC using Azure Blockchain as a service. They will automatically execute the service terms and conditions agreed by the different stakeholders (delivery times, temperature/humidity/shock levels, etc.). Each telemetric reading is archived securely in the blockchain and shared between all members to ensure traceability. Lastly, the blockchain protocol used (Ethereum) and the targeted governance (consortium blockchain) ensure to develop a project with very low enery-consumption.
Schneider Electric, Microsoft and their partners intend to pursue this proof of concept over the next few months before the solution is launched on the market.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.
With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.
In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.
We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
www.schneider-electric.com
• Schneider Electric is boosting its EcoStruxure™ for Food & Beverage offerings with a new traceability and monitoring module
• A prototype combining Schneider Electric’s expertise in the food & beverage segment with Microsoft’s expertise in blockchain is being presented at the Innovation Summit Paris on April 5-6, 2018
• Schneider Electric and Microsoft joint mission is to work on delivering sustainable food
Rueil-Malmaison (France), April 5, 2018 – End-to-end product traceability has become a major challenge for Food & Beverage companies aiming to meet growing stakeholder demand. With this in mind, Schneider Electric, the leader in digital transformation of energy management and automation, is developing a new “End to End Traceability” tool to monitor products across the entire supply chain, both upstream and downstream of manufacturing plants. To do so, Schneider Electric is combining its knowledge of the Food & Beverage segment with the expertise of Microsoft, its partner, in blockchain technologies.
Traceability: a major challenge for food and beverage manufacturers
Faced with increasingly complex supply chains, stricter regulation and more demanding consumers, food and beverage manufacturers are making a priority of product traceability. The stakes are high, involving brand reputation, regulatory compliance, competitive advantage and costs. An Allianz Global Corporate & Specialty report published in late 2017 estimates that insurance claims for a product recall reach an average of $9.5 million, with the Food & Beverage industry being the second most impacted, just after the car industry. Food & Beverage product traceability can be complicated to set up, given the number of stakeholders involved across the supply chain (producers, suppliers, manufacturers, distributors, transporters…)
Achieving traceability across the entire supply chain
At its Innovation Summit, hosting more than 5,000 experts, customers and partners from all over the world on April 5-6, 2018 at Paris Expo Porte de Versailles, Schneider Electric will present during its Schneider World Premiere the latest innovations in its EcoStruxure™ IoT-enabled, plug and play, open, interoperable, architecture and platform. EcoStruxure™ delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity. EcoStruxure™ leverages advancements in IoT, mobility, sensing, cloud, analytics and cybersecurity to deliver Innovation at every level, from Connected Products, Edge Control to Apps, Analytics & Services. EcoStruxure™ has been deployed in 480,000+ installations, with the support of 20,000+ system integrators, connecting over 1.5 million assets. On this occasion, Schneider Electric will unveil a proof of concept for its new “End to End Traceability” application, as part of EcoStruxure™ for Industry. Benjamin Jude, Food & Beverage Segment Solution Architect at Schneider Electric, said “this End to End traceability facilitates much faster product recalls.”
Building on its expertise in the Food & Beverage segment, with 21 of the Global Top 25 major Food & Beverage companies among its customers, Schneider Electric has worked with a major fresh produce retail group, a distributor and a transporter to develop a prototype for the downstream part of “End to End Traceability.” In addition to ensuring full product traceability, “End to End Traceability” will also offer time savings by warning the distributor in real time of any delays in delivery or production.
Combining Schneider Electric’s industrial know-how with Microsoft’s blockchain expertise
“End to End Traceability” incorporates cutting-edge Schneider Electric technologies, including shock/humidity Telemecanique Sensors and a “click-to-cloud” system for reporting secure information from connected objects and sensors. To manage efficiently the information from these different sources, Schneider Electric has drawn on its partner Microsoft’s Azure cloud platform and knowledge of blockchain technology.
Microsoft partnered with Schneider Electric to select the most suitable blockchain technology and to build very quickly the PoC using Azure Blockchain as a service. They will automatically execute the service terms and conditions agreed by the different stakeholders (delivery times, temperature/humidity/shock levels, etc.). Each telemetric reading is archived securely in the blockchain and shared between all members to ensure traceability. Lastly, the blockchain protocol used (Ethereum) and the targeted governance (consortium blockchain) ensure to develop a project with very low enery-consumption.
Schneider Electric, Microsoft and their partners intend to pursue this proof of concept over the next few months before the solution is launched on the market.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.
With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.
In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.
We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
www.schneider-electric.com