STRATEGY
“ We ’ re also doing this with a major auto manufacturer where we ’ re dealing with global trade on the blockchain and a large trucking carrier to deliver end-to-end visibility on the blockchain where it ’ s proving to be very disruptive ”
— Glenn Steinberg , EY ’ s Global Supply Chain Leader
42 hundreds of people from a controls perspective doing auditing on all of this . Even after all that spend , hundreds of people checking it , they ’ re still missing out on millions of dollars on discounts . So , we put the suppliers with this consumer products manufacturer , and the contract manufacturers , and placed all the contracts on the blockchain where smart contracts can be leveraged . It has been wildly successful . We ’ re also doing this with a major auto manufacturer where we ’ re dealing with global trade on the blockchain and a large trucking carrier to deliver end-to-end visibility on the blockchain where it ’ s proving to be very disruptive .”
Steinberg predicts that as the networked value chain comes to fruition improved customer service levels will be achieved , along with lower inventories , allowing the supply chain to become an asset , rather than a cost of doing business : “ Look at Amazon . The supply chain is the differentiator for the whole business . That ’ s where this whole thing ’ s headed .” He pledges that
NOVEMBER 2018