[PRESS RELEASE]
DiMuto Joins International Pineapple Organization (IPO) as Trade Technology Partner
- DiMuto, a tech-based trade solutions platform, is the now the official Trade Technology Partner for International Pineapple Organization, a global trade organization
- The new partnership will see DiMuto providing support to IPO members to digitalize their produce and supply chains while strengthening the IPO’s presence in Southeast Asia
Singapore, 15 April 2020 – DiMuto, a trade tech solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has joined the International Pineapple Organization (IPO) as an official Trade Technology Partner. The new collaboration will see DiMuto providing support to the global pineapple association not only through its trade technology solutions, but also for R&D and marketing efforts.
The IPO is a Global Trade Organization of pineapple growers from pineapple growing regions around the world, maximize efficiency and profit for the pineapple industry through identifying common needs in Buying, Marketing, Cost Savings, and Consulting. With active presence in Latin America as well as the US, the cooperative’s mission is to identify common needs among its members and leverage the group to maximize efficiencies and economies of scale.
According to market research by Tridge, 28.3 million metric tonnes of pineapples were produced in 2018, and the export of fresh pineapples was valued at US$2.1 billion, increasing by 11% from 2014 to 2018. The top pineapple exporting markets are tropical countries such as Costa Rica, Brazil, Philippines, Indonesia and Thailand. A 2018 FreshPlaza reports that global consumption of pineapples continues to grow with the largest growth markets in Asia such as China, Indonesia, Vietnam and Philippines.
Under the partnership with IPO, DiMuto will be working with members to support the digitalization of their pineapple supply chains, as well as help strengthen the presence of IPO in the Southeast Asia region, in particular pineapple exporting markets such as Thailand, Indonesia and Philippines.
Using the DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, DiMuto digitalizes the agri-food supply chain for data visibility and trade transparency, aiming to solve the industry’s various challenges such as food waste, food safety and food sustainability.
The DiMuto 4T Suite Solution creates traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages. Individual products and cartons are tagged with DiMuto QR codes to assign each one a digital identity. These products and cartons are then digitalized through DiMuto’s proprietary Digital Asset Creation devices (DACky). Buyers can then use the DiMuto Receiver App to acknowledge the receipt of goods and provide feedback, all recorded on the DiMuto Platform to truly close the supply chain loop on one single platform. With the visibility provided by data captured as the product moves through the supply chain, DiMuto helps to reduce disputes over quality and creating trust amongst trade parties.
“IPO is always on the lookout for technology and solutions that would benefit our pineapple growers. I have every confidence that DiMuto’s technology will help create supply chain visibility for our members from around the world and help them grow their international presence,” said William Cavan, Executive Director of IPO.
“We are thrilled to have the support of International Pineapple Organization as we strengthen our presence in the produce industry. With our technology, IPO growers will be able to show buyers the high quality of their pineapples for every single carton before it is shipped. This creates trust and reduces uncertainty amidst the disruptions brought on by COVID-19,” said Gary Loh, Founder and Chief Executive Officer of DiMuto.
This partnership comes hot on the heels of DiMuto’s latest investment from Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups. To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agrifood trades. With presence in 7 countries including US, China, Indonesia, Australia and Mexico, the partnership with IPO will strengthen DiMuto’s international footprint in the global fresh produce industry.
DiMuto 4T Suite Solution
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About DiMuto
DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.
The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.
DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit
www.dimuto.io.
About International Pineapple Organisation
The International Pineapple Organization (IPO) is a Market Driven Organization (MDO) that exists to bring together the greatest minds from the Pineapple Industry in all its forms under one roof on a regular basis throughout the calendar year.
The International Pineapple Organization (IPO) provides a forum for the representatives of Pineapple Producing countries and their counterparts in the various International Markets, Government Bodies, and Scientific Community, to meet on a regular basis and work together in order to ensure the smooth functioning of the Supply & Demand Equation (Market equilibrium).
Founded in 2012, The International Pineapple Organization (IPO) is the sister organization of the International Mango Organization (IMO) founded in 2000 by Executive Director Will Cavan.
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For media queries, please contact:
HuiMin LEE
Email: huimin@dimuto.io
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