Track and Trace - How Blockchain is making Supply Chains more Transparent and Efficient

Track and Trace - How Blockchain is making Supply Chains more Transparent and Efficient

Summary

Supply Chain Management is becoming increasingly complicated, and the key challenges that businesses confront among others are to ensure process transparency and accuracy. Many companies are investing money to develop an end-to-end, transparent, and robust ecosystem to have a successful supply chain. To that end, blockchain encompasses a permanently recorded digital ledger that is secure to share with multiple parties such as sellers, distributors, retailers, vendors, and end-users. The report examines blockchain technology’s potential to be the digital supply chain's backbone.

Innovations: presents real-world innovation use cases and examples related to the implementation of blockchain technology by companies as well as startups in the supply chain business function. It casts light on how tech-enabled innovations are transforming every segment of the supply chain business function.

Scope

• Innovation Insights: innovation examples by each use cases segment of various sectors to present key trends.
• Vendor Map: represents a sample list of vendors in each use case highlighted in the report.

• No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of the sudden become the key catalyst to drive the next wave of innovation across sectors.
• The sense of urgency weighs different across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services, and processes or transfer strategic approaches for a revolutionary transformation.
• Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges.
• The innovation landscape report in blockchain in supply chain management published by GlobalData covers some of the key trends, use cases, and real-world examples related to the implementation of emerging technologies across the supply chain business function.