Blockchain in Supply Chain Management – An Inevitability in the Near Future?

Blockchain in Supply Chain Management – An Inevitability in the Near Future?

Digital globalization has shrunk the world into a global village, making connectivity and accessibility the least of our worries. Consumer behavior and demands are evolving faster than ever, making even winning business models of yesteryears completely obsolete. Trade has transformed, involving more stakeholders; the target market space for products as well as the resource pool for manufacturers have grown exponentially beyond borders. Geographical demarcations now exist to serve only as a means to mark one’s administrative territories. To maintain the fine balance between supply and demand, logistics and supply chain play a pivotal role.