What are the emerging technologies shaping the future of supply chain management?
Emerging technologies like AI, IoT, blockchain, and robotics are revolutionizing supply chain management.
How is AI specifically being used in supply chains?
AI is used for demand forecasting, inventory management, and optimizing logistics to enhance efficiency.
Can you explain how blockchain improves supply chain transparency?
Blockchain provides a secure and immutable ledger, allowing all parties to track products in real-time.
What challenges do companies face when implementing these technologies?
Challenges include high costs, integration with existing systems, and the need for skilled personnel.
What trends should we watch for in the next five years?
Key trends include increased automation, sustainability initiatives, and greater use of data analytics.
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