Integrating the sides of the business is challenging but it can facilitate improved communications, collaboration and coordination across both functional and organizational boundaries.
Modern-day supply chains are one of the most extraordinary achievements of human coordination. The understanding of the supply chain today is shifting from thinking of it as a linear single chain to a nonlinear networked chain.
QUAD allies Australia, Japan and India have come together to establish a supply chain resilience initiative (SCRI). They’ve struck a Supply Chain Pact with a mission to challenge China’s dominance as an exporter hub.
Partnership with third-party logistics is not complicated as it may appear. It's almost like having fractional ownership of a warehouse, instead of you having to own a big facility and pallet racking.
The companies can leverage the combination of AI and IOT to enable an autonomous supply chain.
Everything that is enabled by technological advancement creates a platform for the digital supply chain.
So what can you do to mitigate risks and minimize the possibility of exploitation?
Blockchain is one such technology predicted to help in connecting several players and handoffs within the supply chain industry.
Logistics is the cornerstone of the supply chain that enables movement of goods from a point of origin to the final destination.
The process will offer a way for logistics to be tracked and analyzed in real-time with a digital supply chain model technology stored and deployed in the cloud.