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 increasing complexity and interconnected nature of today’s food supply chain calls for proactive risk mitigation — at every step in the supply chain.
Properly aligning metrics with supply chain partners to track and improve strategic relationships is an idea whose time has come. Simply monitoring transactions is not enough; metrics must add value.