Supply Chain Management in the Modern Era – Trends, Challenges, and Opportunities
Keywords:
Supply Chain Management (SCM), Digital Transformation, Globalization, Sustainability, Resilience, Risk Management, Predictive Analytics, Blockchain, Internet of Things (IoT), Competitive AdvantageAbstract
Supply Chain Management (SCM) has evolved significantly in the modern era, driven by globalization, rapid technological advancements, and an increasing focus on sustainability and resilience. This paper examines key trends in SCM, including the integration of digital technologies like artificial intelligence, blockchain, and the Internet of Things, which are transforming operational efficiency and transparency across global supply chains. Additionally, it explores challenges faced by contemporary supply chains, such as managing geopolitical risks, ensuring supply chain resilience amidst disruptions, and addressing environmental and ethical concerns. These challenges underscore the need for adaptive, proactive strategies in SCM. Opportunities in this field include enhancing competitive advantage through digitalization, adopting sustainable practices, and leveraging predictive analytics for more robust decision-making. This study provides insights into how businesses can align their supply chain strategies with current trends to remain competitive and sustainable in an increasingly complex global market.
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Copyright (c) 2020 RISHI RAJ (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.