- With today’s technology, blockchain and artificial intelligence are some of the unique ways to achieve potential supply chain solutions. From 2021 to 2028, blockchain in the global supply chain market is estimated to increase to a $14.884 billion dollar market. A major reason for this increase can be attributed to artificial intelligence and it’s machine learning capabilities.
Source: Trade Finance Global. Read the full article here.
- On July 27th, 2022 Novolex released their fourth annual sustainability report sharing their ongoing progress towards greenhouse gas reduction target and other environmental, social, and governance commitments. According to the report, 48% of their raw materials in 2021 came from renewable, bio-based or post-consumer recycled sources.
Source: Perishable News. Read the full report here.
- Due to the expansion of the foodservice industry and the increased use of vegetable oils in the biofuels product process, the vegetable oil market is growing at a rapid rate. The market is expected to increase to a $345.96 billion dollar market by 2029 at a CAGR of 4.60%.
Source: Yahoo! Life. Read the full report here.
