Yesterday, Business Insider reported that global drinks producer Coca-Cola has adopted the SAP blockchain platform for its bottling processes.
Yesterday, Business Insider reported that the bottlers for Coca-Cola have adopted SAP’s blockchain platform. The project hopes to streamline the relationship between the 70 franchised bottling companies and was implemented by the tech partner to twelve of them, Coke One North America (CONA). With SAP’s solution, the CONA bottlers have increased transparency and efficiency in their intricate production line.
CONA oversees the digital platform which manages the cola supply chain, while separate entity Coca-Cola does the marketing, budgeting, and owns the recipes. Combine this with multiple private bottlers across the US, which often trade with each other, and you get a complicated supply chain.
Thanks to SAP’s blockchain, inventory information is stored immutably in a single platform. So there is a clear record of stock, meaning orders can be filled quickly and reliably. This also reduces reconciliation time; CONA hopes to see the typical 50 days decreased to under a week.
The solution was originally trialed with two bottling franchises, Coca-Cola United and C.C. Clark, but after its success it is being scaled to all 70. With a supply chain operation worth $21 billion in yearly revenue, even a small increase in efficiency could save the firms millions.