Using AI, IoT To Deliver Fresh Food, Cut Wastage - Forbes India Blogs

Almost every known large industry today produces and distributes goods at scale over a supply chain. In a typical supply chain, as a product travels across the network of supply chain nodes–from the producer, to the intermediate nodes (e.g pre-processor, distributor etc.), all the way to the end consumer–each node adds'value' to the product until it is ready to be sold off at the final node (e.g. retail stores). Supply chains are customarily designed and operated to minimise costs or maximise profits (or both). One of the most important considerations is to decide'when' and'how' much to replenish each product at each node of the supply chain, as it proceeds from production to consumption. While this customary approach works well for products that'do not perish' or have an unlimited shelf life, a straightforward extension of this approach for perishable products (e.g.