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.