Blockchains effects on responsiveness to recalls in the food and beverage industry

Blockchain technology, by revolutionizing the way businesses use data, is shifting the cost-responsiveness frontier. While the most popular application of blockchain is cryptocurrency, nowadays it is touching many other businesses including the food and beverage industry. This paper is a short survey in assessing the usefulness of blockchain technology in the food and beverage supply chain, with a narrow focus on the impact on the product recalls. While recalls are crucial in the food and beverage industry, as they deal with public health, they happen frequently and therefore an efficient and responsive recall process is essential. This paper investigates whether US companies utilizing blockchain technology experience shorter recall durations. Data from Food and Drug Administration (FDA) recall datasets, specifically targeting companies implementing blockchain technology, are analyzed using statistical analysis methods. The results reveal that companies adopting blockchain technology have significantly shorter recall times, demonstrating their usefulness in food and beverage recalls, along with its other advantages. This study highlights the potential of blockchain in improving recall management within the food and drink industry and provides applicable insights for food and beverage supply chain managers.