Technology Combats Supply Chain Disruptions

Resource Type
RTM Publication
Publish Date
08/19/2024
Author
Renee Stern
Topics
Innovation, Internet of Things (IoT), Artificial Intellegence
Associated Event
Publication

The COVID-19 pandemic exposed vulnerabilities in global supply chains, which have continued to face disruptions from geopolitical conflicts, natural disasters, and infrastructure failures. Strengthening these supply chains has become a priority for businesses and governments worldwide. Technology, including AI, blockchain, and IoT, plays a crucial role in enhancing supply chain resilience. These tools enable faster, data-driven responses to disruptions and help predict and mitigate future risks. However, the increased reliance on digital technology also heightens the risk of cyberattacks, making cybersecurity a critical concern. Ultimately, resilience in supply chains hinges on the ability to adapt and recover from any disruption.