Public description The Made Smarter Review estimated the UK food and drink industry could realise £56bn in productivity growth and efficiency savings over a 10year period through the wide-spread adoption and integration of novel IDTs across the supply chain. Working with a large consortium of manufacturers, supply chain partners, industrial digital technology (IDTs) suppliers, trade and governmental organisations, Raynor Foods Ltd, a leading UK sandwich will develop a national and open demonstrator of a digitalised food supply chain - an open multi-party software platform, connecting supply and value chain stakeholders from food primary production to retail to increase business productivity, agility and resilience. Although this is a national food supply chain demonstrator, the UK sandwich industry is worth over £5.6bn, employs over 325k people and is growing at 4.2%CAGR. Recent, well-publicised, health and safety issues (NHS Listeria outbreak and Pret/allergic reaction) have thrust issues around production methodology, traceability and accountability in the supply chain into the public-eye . The highly-fragmented, fast-moving nature of these supply chains leaves critical segments of the industry suffering a perfect storm of challenges, impacting labour (availability / cost) and resource productivity, waste (product and financial), brexit impacts on international supply chains and consumer safety. Although the adoption of new IDT technologies such as Blockchain-DLT, integrated IoT platforms and AI analytics has occurred in large, international companies, there are an estimated 10,000 SME suppliers who can't afford/don't have access to these technologies, and without industry-wide adoption (and IDT compatibility) the benefit of IDT has so far been limited. In this collaborative proposal, we will fuse 3 IDT's (Blockchain-DLT, IoT and AI) and demonstrate them within a sandwich manufacturing supply chain. Via immutable traceability, a Blockchain-DLT enabled supply chain will drive trust across the food sector, IoT will integrate critical meta data and new AI driven analytics will drive productivity/ reduce waste. Technologies developed will be demonstrated by Raynor Foods . When scaled nationally this novel integrated stack of IDT's will optimise and simplify national, cross border and international food supply chains, increase productivity by ~10%, reduce inventory waste by ~14% and generate £2.8bn GVA within 10 years. Whilst food and digital sectors are the exemplars in this demonstrator project, the consortium's vision (particularly the technology partners) and priority will be to share best practices, technology and learning across multiple industrial domains that have complex, fast moving and high trust requiring supply chains such as pharma, aerospace, automotive etc.

Challenge Governance Risk and Compliance (GRC) guidelines for large organisations stipulate that all risks need to be properly managed, fully- disclosed and provisioned for; Auditors must verify that reserves for unmitigated risks are properly accounted for on the balance sheet. Risk managers within corporations must ensure that risks are properly identified and mitigated in-line with corporate tolerances. Insurers need to fully understand the risks their policies are underwriting. Lawyers must know the risks being transferred and understand the policies that affect claims. Unfortunately this relies on data and in globalised fast-moving supply chains, accountants, insurers and legal firms can't get access to the data necessary to understand a client's exposure, liabilities, obligations and therefore can't put in place the appropriate mitigations to manage the risks involved. Focus We intend to develop an open source Blockchain-Distributed Ledger Technology, layered with standards, data sharing and access control policies for risk identification, legal agreements, accounting, continuous assurance and risk management. Each chained block will comprise critical data that helps form a risk profile on areas such as provenance, safety and smart contracts that facilitate the flow of goods and finances (enabling payments, goods receipting, automatic invoicing, secure financing/ factoring) through the supply chain. This distributed platform will allow data to be accessed under access control policies without needing to centralize the data. The lead partner is Sweetbridge who will be providing the models and data sharing and access control policies of identity verification, legal agreements, accounting and risk management. Agile Datum will provide corporate liability risk assessment and claims. R3 will provide the blockchain transaction layer. Digital Catapult which will provide consortium governance and independent oversight on all the non-technical ethics, bias and privacy issues that may arise from the data. Engine B will define and provide the AIL data and data standards for accounting, legal and insurance data. Cystellar will provide geospatial tracking and analysis of crops, sustainability, chemical use, and supply chain verification of IoT devices. Impact The project drives both competitiveness in the manufacturing industry and in the AIL industry by enabling the real-time identification, tracking and management of dynamic risks for all parties across the entire value chain. This in turn will help reduce the cost of insurance by an estimated 20% and risk exposure can be reduced by 50% to 80%. With reduced risk comes lower cost of working capital particularly to smaller players in the value chain.