Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking parts such as that at the center of a Southwest Airlines accident last month.
Despite the continued buzz around the potential for blockchain technology to enhance data security in the supply chain, the airfreight industry has seen a slow start to creating tangible application. But last week, Chinese e-commerce giant Alibaba put its word into action by premiering its own blockchain-encrypted platform, the Food Trust Framework.
In 2013, Michael Dell shocked the world by taking his namesake computer company private in the largest leveraged buyout since the Great Depression. He shocked it again in 2015 when he announced that the Texas company would merge with Massachusetts’ EMC, another tech industry stalwart, in one of the biggest deals in business, worth $67.7bn.
Supply chain control towers can offer significant benefits to companies by extending visibility and control beyond the enterprise, and enabling advanced analytics, real-time collaboration, and sophisticated optimization. However, many control towers do not reach their full potential as they are built on antiquated foundations.
The European Union is preparing to roll out an important new rule this month known as the General Data Protection Regulation, or GDPR, which is intended to strengthen and unify data protection for all people within the EU.
Supply chains are under tremendous pressure to perform better. The average consumer now spends considerable time researching the best prices for the products they want, they’re comfortable ordering online, and they expect swift delivery at a time that suits them.
