| dc.description.abstract | In recent years, global supply chains have faced unprecedented challenges due to the pandemic. The lockdown policies implemented by various countries led to a halt in global production activities, exposing the high dependence of supply chains on international cooperation. Given the interconnected nature of production processes, a disruption in any link can lead to a complete halt in overall production. In such circumstances, the issue of low transparency in supply chain information becomes even more prominent. Insufficient information sharing and lack of communication mechanisms make it difficult for companies to accurately predict demand, often resulting in significant inventory level fluctuations and the ＂bullwhip effect.＂ This effect occurs when minor demand changes at the supply chain′s downstream amplify as they move upstream, causing significant swings in inventory and production plans, thereby increasing operational costs and reducing overall efficiency.
The disruption of global supply chains has exposed the vulnerabilities and inadequacies of existing supply chain management systems. Companies struggle to obtain real-time and accurate supply chain information, leading to uncertainty in the decision-making process. As production and logistics activities were forced to halt, companies were unable to quickly adjust their supply plans, resulting in an exacerbation of supply and demand imbalances.
To address these challenges, companies are exploring digital transformation and intelligent supply chain solutions. The application of blockchain technology has become a focal point because it can provide greater transparency and traceability. Blockchain technology facilitates real-time information sharing, enabling companies to achieve end-to-end visibility of their supply chains through decentralized data platforms. This improves operational efficiency and reduces the risk of disruptions.
However, integrating blockchain into the entire supply chain ecosystem remains a significant challenge. This case study explores the various difficulties in system integration, providing valuable insights and recommendations for companies implementing blockchain in their supply chains. Understanding these challenges helps companies enhance transparency, traceability, and efficiency.
Keywords: Supply Chain, Blockchain, System integration, Digital transformation | en_US |