Natural Products Insider

MAR-APR 2019

INSIDER is the leading information source for marketers, manufacturers and formulators of dietary supplements, healthy foods and cosmeceuticals. Since 1997, INSIDER has been serving the needs of the global nutrition industry.

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copied. This is "blockchain," an emerging trend making its way in the supplement industry, designed to pass on information in a fully automated and safe manner. Blockchain was originally designed for cryptocurrencies, such as Bitcoin, to transfer money through a list of records, called blocks, which are linked using cryptography. "Each block contains a cryptographic hash of the previous block, a timestamp and transaction data," said Thom King, CEO of Icon Foods, in an August 2018 interview with Todd Runestad, INSIDER senior editor. "By design, a blockchain is resistant to modifi cation of the data." King briefl y explained how this model is applied to the food ingredient industry through "hash keys" that connect each segment of the supply chain and which are verifi ed through the blockchain. Each component within the supply chain would essentially have its own hash-key and that would identify it accurately, inclusive of full disclosure. King heralded blockchain as the "new frontier" in traceability and transparency in the food ingredient industry. However, a word of caution: Blockchain, while still "maturing," is vulnerable to a new form of cyber-attack known as "cryptojacking." Shari Claire Lewis, a partner at the New York-based law fi rm, Rivkin Radler LLP, discussed the innumerable risks businesses face in an "online world" with INSIDER's legal and regulatory editor, Josh Long, in a September 2016 podcast. She shared important tips for mitigating exposure to data breaches and cybercriminal activity. Supply chain segmentation is the most effective magnet, as it involves two human elements: communication and interaction with people in the supply chain. Supply chain segmentation is a process or practice by which one-on-one partnerships or relationships are formed by a company, their customers and the various segments of their supply chains (e.g., suppliers, service providers, co-manufacturers or employees). It is the "dynamic alignment of customer channel demands and supply response capabilities, optimized for net profi tability across each segment," according to a report from Chalmers University of Technology in Sweden. The people who are within each of the supply chain segments are key, from employees who represent the critical support of a company and suppliers who deliver the raw materials to the end customer, whose trust each brand owner must win. Heather Fairman is an independent consultant with EAS Consulting Group LLC (easconsultinggroup.com) an d serves as Technical Advisor for the SIDS DOCK Island Women Open Network (IWON, sidsdock.org), an intergovernmental organization of Small Island Developing States (SIDS). Heather applies her regulatory perspective and approach toward handling FDA matters and compliance requirements relative to all aspects of cGMP (current good manufacturing practice) and development of contract partnerships to ensure mutually benefi cial and compliant outcomes. Secaucus, NJ Meadowlands Exposition Center April 9-10, 2019 SUPPLYSIDE EAST OPENING RECEPTION 3-4pm TUESDAY APRIL 9 Meadowlands Exposition Center (Expo Hall) Come on in. Grab a drink. And get down to business. The SupplySide East Opening Reception is a networking event where attendees and exhibitors can meet, mingle, eat and drink. Reception is complete with deluxe bars and food stations. Open to all attendees and exhibitors. Contract Manufacturing: Supply Chain Transparency

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