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Drone-based delivery is a new and emerging technology that has the potential to revolutionize last-mile delivery operations. Drones can fly directly to customers, bypassing traffic congestion and reducing delivery times. They are also more environmentally friendly than traditional delivery vehicles. Read more: managemententhusiast.com/the-role-of-drone-based-delivery-in-improving-last-mile-deli...

In an interconnected world where goods traverse the globe through vast oceanic highways, maritime security plays a pivotal role in sustaining the fluidity of the global supply chain and trade. This intricate web of commerce, however, faces numerous challenges ranging from piracy to cyber threats. In this blog, we delve into the importance of maritime security and explore a prominent example ill...

Leagile is a supply that combines lean and agile philosophies. The Spanish clothing store Zara is a prime example of a lean supply chain. It has created a flexible supply chain that yet embodies “lean” principles. It operates to respond quickly to the customers’ shifting needs. Read more... managemententhusiast.com/what-are-lean-agile-and-leagile-supply-chains/

The expansion of the worldwide sustainable packaging market is being driven by an increase in demand for green packaging in the industrial sector. The ongoing wars and the COVID-19 epidemic have had a moderate effect on the market. In the future, the Asia-Pacific region is most likely to dominate this industry. By 2028, the market for green packaging is projected to reach $451.7 billion, expand...

A phenomenon is known as the “bullwhip effect” illustrates the instability and erratic nature of product and supplier orders at various points in the supply chain. In other words, a company’s inventory is immediately impacted by changing or increasing client demand. Businesses frequently try to forecast demand, gathering what they think is the ideal quantity of raw materials and resources requi...

To determine the performance of the supply chain, factors such as facility inventory, transportation, sourcing information, and pricing interact. Depending on your company and financial objectives, companies can design and manage these drivers to highlight the optimal balance between responsiveness and efficiency. Therefore, to maintain this balance, a company must assess the performance of the...

The third generation of web technologies is known as Web 3.0 (Web3). The World Wide Web, commonly referred to as the web, serves as the basic building block of the internet by offering website and application services. For more information, visit the following link: managemententhusiast.com/web-3-0-and-its-role-in-the-supply-chain/

Generative Pretrained Transformer, often known as Chat GPT, is a useful technology for the logistics sector. With the use of chatbots and natural language processing, businesses can quickly and effectively respond to a large volume of client enquiries. It can also aid in route optimization by evaluating shipping data and offering recommendations to speed up deliveries and cut expenses. Employee...

The term "green logistics" refers to a collection of sustainable policies and practices designed to lessen the negative effects this industry's operations have on the environment. This logistics concept has an impact on how equipment, systems, and structures are set up for the movement, distribution, and storage of commodities. Green logistics or sustainable logistics ensure a stable bottom lin...

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met. Smart contracts ...

The Reserve Bank of India defines CBDC (Digital Rupee (e ₹) as the legal tender issued by a central bank in digital form. It resembles sovereign paper currency but is presented in a different way. It can be exchanged at par with the current currency and is recognized as a method of payment, legal tender, and a secure place to deposit value. Please visit following link for more information. mana...