In this file:
· Coca Cola Using Blockchain for $21-Billion-Per-Year Network
· Coca-Cola Supply Chain Firm Expands Blockchain Effort to 70 Partners
Coca Cola Using Blockchain for $21-Billion-Per-Year Network
By Marie Huillet
Nov 5, 2019
Coca Cola’s bottlers are implementing blockchain technology to manage their cross-party transactions.
A Business Insider report on Nov. 5 revealed that Coke One North America (CONA) — the tech firm that manages IT operations for the soda giant’s bottlers — is using a blockchain solution developed by German software firm SAP to manage its supply chain.
Managing 160,000 orders per day
As the report notes, CONA manages a platform to oversee multiple franchises that manufacture, bottle and ship nearly 160,000 orders of Coca-Cola products daily. Andrei Semenov, senior manager at CONA, told Business Insider:
"There are a number of transactions that are cross-companies and multiparty that are inefficient. They go through intermediaries; they are very slow. And we felt that we could improve this and save some money.”
With blockchain, CONA expects to reduce the duration of order-reconciliation from 50 days to just a few days. An inter-organizational, transparent distributed ledger will give real-time insights into the transactions made by all the different bottlers on the network, which generates over $21 billion in revenue per year.
Semenov outlined how a decision was reached regarding the extent and nature of the data deemed necessary to share between franchises, explaining that...
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Coca-Cola Supply Chain Firm Expands Blockchain Effort to 70 Partners
William Foxley, Coindesk
Nov 5, 2019
The IT firm behind Coca-Cola’s bottle manufacturing supply chain processes looks to be getting a taste for blockchain technology.
A pilot project with software provider SAP, Coke One North America (CONA) is now set to be expanded across 70 manufacturers that deliver the 160,000 bottles Coca-Cola shops daily after an initial run with two bottlers, as reported by Business Insider on Tuesday.
The blockchain project promises to improve distribution for the participants, as all manufacturers can access a permissioned blockchain containing each others’ orders, capabilities and requirements. For example, if a bottle maker is short of stock for a looming order, the network quickly provides options for filling shortfall. CONA told BI it hopes to reduce order reconciliation days from weeks to just days.
“There are a number of transactions that are cross-companies and multi-party that are inefficient, they go through intermediaries, they are very slow,” senior manager at Coke One North America Andrei Semenov told BI. “And we felt that we could improve this and save some money.”
The pilot program’s initial positive results meant not only more bottles shipped, but more companies coming to SAP’s platform, as per the report. Semenov said that CONA has its eyes set on working with commerce giants Walmart and Target...