Global supply chain reforms Role of Blockchain

Introduction

Supply chain across the globe is undergoing reforms as organizations are focusing on sustainable future.

Current Scenario and Challenges

Supply chain framework is driven by four parameters, which are directly related to the organization’s competitiveness.

 

Supply chain design must focus on improving the shortcomings of the current system:

  • Value transfer along with information transfer in supply chains
  • Decentralized immutable systems are preferred as available information increases
  • Consumers are expecting transparency from brands and services

 

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