Global Trade Growth:
While globalization has driven trade growth 3.5 times since the 1980s to USD $16 Trillion, global supply chains have not kept pace. According to the World Bank, these inefficiencies have created a USD $2 Trillion opportunity. Customs are overburdened with manual processes and have few tools to detect the entry of black market, counterfeit or contraband goods. While regulatory authorities struggle with the compliance of health, safety and security standards.
Whether you have already started on a digital transformation initiative of your global supply chains, or your project is still on the drawing board, there are two key challenges:
- Empower stakeholders with tools to add digital documentation for and shipping and regulatory compliance in an effective and timely manner.
- Create real time visibility into the shipment and product status.
Morpheus.Network and Hanhaa:
In order to create a transparent and efficient supply chain, Morpheus.Network have engaged in a strategic partnership with Hanhaa, an internet-of-things (IoT) innovator. Anyone familiar with Amazon Prime or DHL parcel shipping will appreciate the simplicity of the unique tracking code for shipment history and item visibility.
Together, Morpheus.Network and Hanhaa, provide supply chain managers with a complete Digital Footprint, providing shipment history and item visibility for optimizing safe and secure supply chains saving time and money. IoT provides the monitoring and tracking of assets and goods and blockchain provides an immutable record of truth for compliance events based on IoT data.
Safe for Sale:
Morpheus.Network’s middleware platform currently services the supply chains for cold chain pharma, agrifood, perishables and high value goods where a client requires to show the origin, provenance and authenticity of goods, regulatory compliance, shipping documentation and full visibility. A current use case for the adoption of Morpheus.Network’s platform is the import and export of Argentine beef to the United States of America.