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How blockchain, CRM and trade finance are transforming supply chain management

CGI

How blockchain, CRM and trade finance are transforming supply chain management. To me, this is a literal example as to how blockchain technology is hitting the transportation and logistics industry like a Mack truck – but in a good way. Next, let’s examine the traditional process behind this picture, before blockchain.

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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

On top of disruption, companies with global supply chains must also deal with different regulatory environments, cultural norms and market conditions. It can take many forms, from automated warehouse systems that pick and pack orders, to blockchain-based smart contracts to software that automates purchasing and invoicing processes.

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Blockchain Part of Sphereon’s Content Services Suite

Info Source

For a few years now, Harvey Spencer Associates has been promoting blockchain as a natural extension of capture technology. The Harvard Business Review describes blockchain as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

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Building a sustainable automotive supply chain

IBM Big Data Hub

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Supply shortages can lead to line outages, manufacturing delays, out of stock issues and lost revenue. 3 tips for accelerating the path to a more resilient and sustainable automotive supply chain 1.

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How to Prepare for the Metaverse

AIIM

From the Australian Open offering fans art ball NFTs with real-time match data to JPMorgan Chase’s tiger-friendly lounge in the blockchain-based world Decentraland, metaverse events are exploding into 2022 as powerful new weapons to engage with people. Disney even tapped a new executive, Mike White, to lead its foray into the metaverse.

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Improving supply chain resiliency in the industrial sector

IBM Big Data Hub

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. This equipment is critical to expanding capacity for chip production.