Afternoon Coffee: Nestle Tracks Baby Food Ingredients on Blockchain, Honda Looks to Expand Supply Base

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Nestle is collaborating with IBM and a host of other food manufacturers to test blockchain’s ability to trace the source of the fruits and vegetables that go into its products, Supply Chain Dive reports. Called Food Trust, the blockchain system is tracking the ingredients for sweet potato, apple and pumpkin puree baby food to “determine if the technology could make product recalls faster.”

Free procurement software rankings, updated quarterly: Access the Spend Matters Q2 2018 SolutionMap.

Honda Supplier Strategy 

A cultural shift is afoot at Honda, the Japanese car maker known globally for its reliance on internally developed technology. As the global automotive supply chain has become more intricate and advanced driving systems have become standard, Honda has started to look to external suppliers to keep up with competitors, according to The Wall Street Journal. Companies Honda is leaning on include Bosch and Denso, as well as smaller upstarts like Intel subsidiary Mobileye.

Indonesia Earthquake

A magnitude 7.0-earthquake struck Indonesia Sunday, killing 82 people, the New York Times reports. Most of the people killed were from the northern and western regions of Lombok. Disaster agencies had put out a warning for a potential tsunami but later lifted it.

Trade Deficit

And finally, an economic update: The U.S. trade deficit rose to $46.3 billion in June, up from $43.2 billion in May, CNBC reports. The 7.4% increase comes as the White House has attempted to narrow that trade gap between the U.S. and the rest of the world through a series of tit-for-tat tariffs.

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