What is a significant trend in the evolution of supply chain technology? 🔊
A significant trend in the evolution of supply chain technology is the integration of advanced automation and analytics. Real-time tracking systems, powered by Internet of Things (IoT) devices, provide visibility into inventory and logistics, allowing for smoother operations. Additionally, blockchain technology is being adopted to enhance transparency and security in transactions among supply chain stakeholders. Companies are leveraging predictive analytics to forecast demand more accurately, which optimizes inventory management and reduces costs. This trend aims for efficiency, agility, and resilience in supply chains.
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