canada goose coats But it is still possible for unfounded or embellished claims to sneak through.In 2015 and 2016 two separate Australian companies were fined a total of more than half a million dollars for mislabelling their eggs as free range.In fact on Thursday, the country peak consumer watchdog the ACCC urged businesses to review the country of origin labels on their products to ensure they comply with the Australian Consumer Law.are often willing to pay a premium for products that originate from particular countries, but they need to be able to trust the labels. Failure to label products correctly may expose a business to penalties of up to $1.1 million, ACCC deputy chair Dr Michael Schaper said.This is where blockchain technology comes in. At the same time, trust in major brands is very low.According to industry experts, with the growth in online shopping, the entry of players like Amazon to Australia and the rise of spruiking products on social media, the battle for consumer trust is fiercer than ever.is going to provide transparency to brands, everything from an avocado to a Nike trainer, Mr Riddell said.He believes it will become an integral part of your trip to the supermarket in the future.competition now is around how can you show transparency and provide insight behind the brands, he said.According to a recent survey from consumer group Choice, 70 per cent of Australians are interested in ethical products and the advertising claims made on products.At the moment, there are a number of apps designed to help Aussies make ethical choices when spending their money, such as the food focused Shop Ethical! or the clothes focused Good On You.Many consumers are happy to pay a bit extra if it means they know more about the product, particularly when it comes to fresh food and meat products.and the Woolies aren going to be very keen to do this, because it going to give a level of transparency behind brands that they don necessarily want, Mr Riddell said.But as we move towards a more interconnected world dubbed The Internet of Things, advances in chip and sensor technology will make it easier to translate data from the automated movement of physical goods, and could greatly enhance emerging blockchain systems, bringing them into the retail industry.THE RISE OF BLOCKCHAINBlockchain technology got its start in the banking sector, but in recent years its potential utility has been applied to a number of other industries and there is no shortage of global companies keen to capitalise on its use in the retail market.. canada goose coats
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