Fraud-related costs accounted for 8% of retailers’ revenue in 2017, averaging $15.5 million per merchant;⁽¹⁾and with global card fraud projected to surpass $25 billion this year and $30 billion by 2020,⁽²⁾ current trends suggest those costs will continue to grow. CFOs are beginning to recognize the limitations of their existing fraud-prevention efforts—while 56% currently rely primarily on internal resources, 56% of CFOs also said they anticipate changes to their company’s anti-fraud strategy within the next two years.⁽³⁾ Chargebacks911, a leading dispute mitigation and loss prevention firm, examines the latest fraud statistics and explains why a growing number of CFOs see outsourcing as a better solution.

According to Digital Supply Chain, CargoX raised $7mn towards its blockchain based bill of lading platform. The funds were raised by mostly micro investors. CargoX hopes to replace paper bills of lading with its Smart Bill of Lading.

Blockchain is poised to change how people eat, reports Forbes. Currently, foodborne illness causes 10% of the population to get sick each year. Now, blockchain technology can help reduce that number.

LLamasoft, a leading supply chain software developer, has released the next version of its Supply Chain Guru. Supply Chain Guru X which will enable companies to build living models of their end-to-end supply chains.