How can technology improve supply chain compliance?

How can technology improve supply chain compliance?

Technology enhances supply chain compliance by automating processes, ensuring data accuracy, and providing real-time monitoring.

What specific technologies are most effective for this?

Key technologies include blockchain for transparency, AI for predictive analytics, and IoT for real-time tracking.

Can you give an example of a company successfully using these technologies?

Sure! Companies like Walmart use blockchain to track food products, ensuring compliance and safety throughout their supply chain.

What challenges do companies face when implementing these technologies?

Challenges include high implementation costs, resistance to change, and the need for employee training.

How can companies overcome these challenges?

Companies can start with pilot programs, invest in training, and gradually scale up technology adoption to mitigate risks.