ITC Limited, receives the Indian Agribusiness Excellence Award 2018
ITC Limited, receives the Indian Agribusiness Excellence Award for Efforts towards Digitalization of Agri Value Chain
About the Award Recipient
Challenges in agriculture industry including lack of trust by farmers/ other stakeholders of quantity and quality assessment, unavailability of data at different nodes of supply chain and real time monitoring of micro environment of warehouses. Technological interventions by ITC like introduction of handheld devices to capture data at various nodes of supply chain eliminates risk of data manipulation of quantity and quality and warehouse operation monitoring for real time information of micro climate. These interventions led to faster transaction cycle enabling faster payment resulting in 2-3 percent savings in procurement and logistics cost. Also, manpower cost reduced by about 20 percent.