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How to Overcome Challenges by Implementing Technology in Supply Chain Management

  • Supply chain management is crucial for coordinating activities between companies and suppliers in the global economy.
  • Challenges like unpredictable demand, inventory balancing, unreliable suppliers, and logistics issues impact supply chains.
  • Businesses are investing in technology like AI, IoT, blockchain, robotics, and automation to enhance supply chain operations.
  • Implementing new technology in supply chains requires careful planning, training, and monitoring for successful integration.
  • Companies are adapting technology to improve visibility, sustainability, and efficiency in supply chain management.
  • Case studies of successful technology integration include Walmart using IoT, Amazon speeding up deliveries with robots, and DHL optimizing delivery with advanced data analytics.
  • Future trends in global supply chain technology include AI advancements, autonomous delivery vehicles, and a focus on sustainability.

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