At the time of its inception some two centuries ago, the supply chain was a revolutionary idea that would improve visibility and control on goods and products as they moved from Point A to B. But the old concept and technology can no longer support today’s production and supply cycles, which are becoming extremely fragmented, complicated and geographically dispersed.
In effect, the supply chain is now an opaque and faulty process that is extremely hard to manage.
Hopefully, the supply chain problem can be remedied with blockchain, the emerging technology that is proving its value in bringing transparency and efficiency to a number of different industries.
To read the full story, please click here.