How Can Technology Enhance Logistics and Supply Chain Management?
Technology plays a pivotal role in enhancing logistics and supply chain management. Advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and blockchain can streamline operations, improve visibility, and enhance decision-making. For instance, AI can optimize route planning and demand forecasting, while IoT enables real-time tracking of shipments. Blockchain technology provides secure and transparent transaction records, reducing fraud and enhancing trust among stakeholders.