Digital World

Supply Chains are often at the heart of some of the biggest challenges organizations face. From commitments around customer experiences to balancing cost and revenues to top-tier decision making, supply chain problems impact almost all parts of an organization’s processes. At the core, the main issue is an imperfect demand-supply matching process. This was brought to the limelight by the Covid-19 supply chain collapse that showed us how disruptions can affect the entire chain from suppliers/manufacturers to customer-facing retailers. The Covid-19 crisis was an extreme case, but even during more manageable times lack of real-time and transparent visibility across the supply chain can make demand matching a big challenge. How Blockchain Can Optimize Supply Chains While Keeping Them More Agile? Better Freight Tracking With more reliable data feeding the tracking systems, Blockchain can make existing tracking tools more accurate and make it easier for organizations to stick to t...

Global supply chains had to endure a lot during the outbreak of Covid-19. Even before the arrival of the pandemic global supply chains was bogged down by long-standing challenges, and it will not be a sweeping statement to make if one says Covid-19 broke the back of even the most well-established supply chains. One thing that stood out amid Covid-19 challenging times is the importance of supply chain visibility. Supply chain visibility has become a matter of increasing importance for organizations across the globe. Organizations are cognizant about the fact that supply chain visibility holds the key toward delivering enhanced profitability, accelerated customer experience, and lower operating costs.One has to understand that exceptional, unforeseen events can challenge even the best of supply chains. To put it straight – no supply chain can claim that they have all the answers to such unforeseen events that crop up from time to time. Never before, access to real-time data has got s...