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Watch: HSBC and ING Complete Blockchain Trade Finance with Cargill

Banking and financial services HSBC and ING have completed a trade finance transaction for agri-food trading company Cargill. The transaction was completed using a single blockchain system. It was a push to boost efficiency in the multi-trillion-dollar funding of international trade. The Cargill transaction marked the first use of a single, shared digital application rather…

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Banking and financial services HSBC and ING have completed a trade finance transaction for agri-food trading company Cargill. The transaction was completed using a single blockchain system. It was a push to boost efficiency in the multi-trillion-dollar funding of international trade.

The Cargill transaction marked the first use of a single, shared digital application rather than multiple systems, according to HSBC. The blockchain application used is supported by 12 banks, which could help broaden the tech into more markets. Back in February, HSBC announced plans in to launch several pilot programs based on existing proof-of-concept (PoC) projects.

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Tailored Bottling's Dearborn plant is built for 750 million cans and bottles a year

Tailored Bottling's Dearborn plant is built for 750 million cans and bottles a year

Tailored Bottling Solutions' Dearborn, Michigan plant is designed for about 750 million beverage units a year but is still ramping up. Only 18 people work there today. Staffing up to three shifts, roughly 45 to 50 workers, sets how quickly beverage brands can use that capacity.

  • 01Dearborn's 750 million-unit design runs on 18 workers today. Three full shifts need about 45 to 50, so headcount is the best public read on when full output arrives.
  • 02The Dearborn plant’s equipment is built for up to 750 million units a year, depending on the ramp.
  • 03TBS says its Miami site, TBS South, is fully operational and has completed large-scale runs and signed multi-year production agreements.

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Thank-yous at the drive-thru window drop 23.9 points when AI takes the order

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Voice AI completed the full order or engagement 40% of the time, up from 20%. But when AI handled the order, window staff said thank you 23.9 points less often. Accuracy and satisfaction rose even as ease of use worsened.

  • 01AI handled the full order or engagement in 40% of the voice AI encounters shoppers tallied, up from 20%. Yet when AI handled the order, instances of window workers saying thank you dropped 23.9 percentage points.
  • 02AI-only greetings fell to 50% of encounters from 70%, while full AI completion rose to 40% from 20%. In AI-built restaurants where AI took 81% of orders end to end, satisfaction reached 92.6%.
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Seneca Trading names Roger Lund to run pet food division

Seneca Trading names Roger Lund to run pet food division

Seneca Trading has named Roger Lund general manager of its pet food division, according to Petfood Industry. Lund will lead expansion of the company's ingredient portfolio for pet food manufacturers throughout North America as the privately owned supplier of animal protein and agricultural ingredients grows its operations.

  • 01Seneca Trading supplies animal protein and agricultural ingredients via farm-direct sourcing to livestock feed, pet food, and biorefining sectors
  • 02Roger Lund joins as pet food division general manager to lead ingredient portfolio expansion across North America
  • 03Pet food manufacturers seeking diversified suppliers of farm-sourced ingredients should monitor what specific ingredients Seneca adds first under Lund

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