Agrocorp International is a Singapore-based global agri-commodity trading and processing company that specializes in the supply chain management of agricultural commodities such as pulses, grains, and oilseeds. With a presence in over 20 countries, the company is committed to providing sustainable and traceable products to its customers around the world.
Agrocorp International is known for its innovative approach to supply chain management, using technology and data analytics to drive efficiency and transparency in its operations.
The import process for commodities is complex and involves regulatory issues across multiple parties. It is often done manually, without visibility or transparency, and results in long lead times and higher inventory costs.
Organizations struggle to handle the external process for commodity import due to less focus, lack of transparency, trust, and authenticity. This results in issues with the quality of commodities received, inventory shortages, and lost sales.
The dlt solution streamlines the process for overseas importation, enhance collaboration with multiple parties, and enforce effective risk-free contracts across purchasing with multiple suppliers/vendors.
The solution provides greater visibility and transparency across the digital network of multi-tier suppliers to drive ethical behavior throughout the supply chain, resulting in reduced supply chain cost, risk, and inventory, with significant working capital improvements.
With streamlined procurement processes, accurate data and digital document repository, and real-time tracking of the origin of goods and the chain of custody, the solution provides tamper-proof digital records for future use and compliance, enabling secure and efficient procurement operations across functional departments and ecosystem participants
We were greatly benefitted by using blockchain-based trade finance solutions via #dltledgers platform. We weathered the storm exceptionally well. During the peak of Covid-19, we moved 14.3% more product compared to same period last year. We managed to reduce our document collection times significantly and collaborate with our business partners more effectively. It enabled us to win new business especially in such a time as this.