What are the key trends shaping the future of supply chain visibility?
Key trends include real-time data analytics, IoT integration, and enhanced transparency through blockchain.
How does IoT improve supply chain visibility?
IoT devices provide real-time tracking of goods, enabling better inventory management and reducing delays.
What role does AI play in enhancing supply chain visibility?
AI analyzes vast amounts of data to predict disruptions and optimize routes, improving overall efficiency.
Can you explain how blockchain contributes to supply chain transparency?
Blockchain creates an immutable record of transactions, ensuring all parties have access to the same data, enhancing trust.
What challenges do companies face in implementing these technologies?
Challenges include high implementation costs, data security concerns, and the need for skilled personnel.
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