Supply Chain Digital Magazine January 2024 | Page 27

Blockchain
Augmented / virtual reality
TOP 10

07

Blockchain

TOP COMPANIES : Ethereum | Cardano IBM Blockchain

08

Augmented / virtual reality

TOP COMPANIES : ScienceSoft | ScaleXM | PTC
VR and AR technology helps organisations visualise and simulate supply chain operations , improving decision-making and reducing errors
AR can create virtual stockrooms for organisations by projecting holographic products onto shelves . Employees can check specifications like colour and size without accessing a physical product , and make an informed decision when placing an order , so saving organisations store room space and money on unwanted products .
Supply chain often lacks traceability and transparency , and blockchain technology has the potential to revolutionise supply chain management by providing increased transparency , security , and efficiency . It is significantly changing how retailers and consumerpackaged-goods manufacturers in particular run their supply chains .
The need for secure transactions and the demand for ESG and sustainability transparency are driving how buyers relate to brands .
Blockchain is meeting these needs by guaranteeing the provenance of goods , as well as the security of supply chain transactions .
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