Which group is primarily responsible for setting the binding rules and deadlines that generate the market necessity for track-and-trace adoption?
Answer
Regulators
The evolution of track-and-trace systems is heavily dictated by external governmental and quasi-governmental bodies. Regulators, such as the FDA or EMA, hold the authority to establish and enforce binding rules and deadlines concerning product safety, diversion prevention, and supply chain integrity. These legislative actions mandate the technological adoption required for compliance, thereby creating the essential market demand that compels technology providers and industry participants to develop and implement robust track-and-trace solutions.

Related Questions
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