For the second year in a row, Omnichain was commended for its innovative distributed ledger technology that helps food and beverage manufacturers gain complete transparency from farm to fork
LOS ANGELES, Dec. 17, 2019 – Omnichain™, an enterprise focused on providing cognitive supply chain management software on distributed ledger technology (blockchain), announces it has been named to Food Logistics magazine’s 2019 FL100+ Top Software and Technology Providers list. This is Omnichain’s second consecutive year on the annual list that serves as a resource guide of software and technology providers whose products and services are critical for companies in the global food and beverage supply chain.
Namely, Food Logistics recognizes Omnichain for its innovative Full Circle platform, a first-of-its-kind cognitive supply chain management platform built using blockchain. The demand-driven platform enables food and beverage companies to connect their supply chains with a permanent, decentralized ledger of all product movements, inventory and transactions—from farm to fork—in real time. Organizations can thereby holistically manage their supply chains and address important aspects of the food business, including meeting consumer demand, ensuring food safety, and delivering optimal replenishment and shelf life.
Pratik Soni, founder and CEO, Omnichain, said, “We’re honored to once again be included on this prestigious list, as well as humbled to share the spotlight with the other supply chain innovators named. Unfortunately, the food and beverage industry remains challenged by fragmented supply chains and lack of transparency, resulting in misinformation and recalls. It’s our mission to bring the power of distributed ledger technology to companies struggling to manage such complex, disparate supply chains and help them break down silos to operate as one cohesive value chain. A unified and transparent food supply chain results in more efficient, profitable organizations, better food quality & safety standards and—most importantly—a safer, more accountable marketplace for consumers.”
Notably, the Omnichain Full Circle platform is delivered through a Blockchain-as-a-Service (BaaS) model, enabling clients to connect and start using the solution through any device with an internet browser. This makes blockchain implementations affordable and scalable for organizations of all sizes—from young independent brands to large conglomerates. Through BaaS, Omnichain boasts an industry-leading implementation time of under 90 days. The platform’s intelligent algorithms and analytics empower supply chain managers and other decision-makers with proactive demand planning and forecasting capabilities.
“Whether you’re using sensors to monitor critical temperatures for perishables or a WMS to manage inventory flows in your warehouse, software and technology are playing a vital role in the food and beverage industry,” remarked John R. Yuva, editor for Food Logistics and its sister publication, Supply & Demand Chain Executive. “The transparency and safety of the digital global food supply chain would not exist without innovations in software and technology. Our FL100+ recipients help drive supply chain compliance and regulatory changes that benefit everyone from the farmer to the food processor to the consumer.”
Companies on this year’s 2019 FL100+ Top Software and Technology Providers list will be profiled in the November/December 2019 issue of Food Logistics, as well as online at www.foodlogistics.com.
About Food Logistics
Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world’s most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media.
About Omnichain™
Founded by global supply chain expert Pratik Soni, Los Angeles-based Omnichain™ provides intelligent, cognitive, end-to-end supply chain technology software. Its demand-driven, Blockchain-as-a-Service (BaaS) platform provides real-time transparency, trust and efficiency from source to shelf using blockchain technology. The holistic platform simplifies store-level forecasting and replenishment, optimizes manufacturing planning, eliminates lost sales, and reduces carrying costs, while driving supply chain transparency, accuracy and provenance. With its first-to-market solution, the company holds intellectual properties relating to blockchain connectivity and planogram, store- and SKU-level forecasting and replenishment. For more information, visit www.omnichains.com.
Media Contact:
Edward Lin
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