Effective emergency response to a natural disaster requires rapid, coordinated action among multiple parties. Suffice to say that such a level of efficiency has been sadly lacking in many prior relief efforts. Can blockchain make it happen?
Responding to consumer demands for traceability, Tyson Foods plans to use DNA samples from elite cattle to track steaks, roasts and even ground beef back to the ranches the animals grew up on.
Consumers are more conscientious about their purchases than ever before. They expect organizations to meet a certain set of ethical standards, and supply chains aren’t exempt from scrutiny.
While blockchain technology appears to hold substantial promise for logistics and supply-chain management, it faces a number of obstacles to realizing its full potential.
For supply-chain partners, blockchain technology promises an immutable record of provenance, as products pass from hand to hand. And which industry stands to benefit more from that capability than luxury goods?
Chief executive officers typically take a back seat when it comes to supply-chain management, but by forging a greater synergy with supply-chain managers, they can take their organizations on a journey toward prolonged success.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.