Technological advancements and accelerated manufacturing have impacted supply chain companies worldwide. For instance, drones monitor manufacturing, the Internet of Things (IoT) can carry out maintenance, and artificial intelligence and machine learning algorithms implemented in robots can take over quality control.
Technological innovations have historically caused problems for supply chain companies. For example, when personal/desktop computers were introduced in the 80s, supply chain companies had to shift dramatically from manual to semi-automated processes.
It wasn’t easy for businesses to align their operations with technology. However, many organizations adopted desktop computers for day-to-day business operations, such as word processing, database management, accounting, and spreadsheets for efficient supply chain and logistics planning.
Today, businesses focus on more agility, flexibility, and responsiveness to stay competitive in the industry. Companies that drive continuous innovation in their supply chain operations remain highly competitive in the market and improve their business’s overall bottom line.
Blockchain is a cutting-edge technology that promises to improve your company’s efficiency and transparency, streamlining the supply chain operations. Is this true? Does Blockchain align with the supply chain? Today’s article will highlight evidence-based information to help you make an informed decision.
Learn more: https://www.gpsi-intl.com/blog/how-do-blockchain-and-supply-chain-work-together/