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What is Supply Chain Flexibility

Chapter 10
Handbook of Research on Social Impacts of E-Payment and Blockchain Technology
Supply chain flexibility has grown from well-established beginnings in manufacturing flexibility studies. It can extend the notion of change without trade-offs from the individual company to the supply chain to sustain competitiveness in an increasingly complicated economic environment.
Published in Chapter:
An Integrated Impact of Blockchain Technology on Suppy Chain Management and the Logistics Industry
Fei Jiang (Guang Xi International Business Vocational College, China) and Yanhua Zhang (Guang Xi International Business Vocational College, China)
Copyright: © 2022 |Pages: 24
DOI: 10.4018/978-1-7998-9035-5.ch010
Abstract
The benefits of blockchain technology for supply chain management and logistics have been authenticated in recent years. It can support transparency and guarantee eventual, system-wide consensus on the validity of an entire history of transactions. As Conte de Leon et al. defined, blockchains would cause disrupting transformations in all types of industries when used in supply chain management. Logistic companies should engage in blockchain technology to adapt rapidly to changing market conditions and needs in today's dynamic business environment. Thus, this chapter provides a comprehensive overview of blockchain technology and focuses on crucial supply chain capabilities to create such transparency, flexibility, and mutual trust between supply chain partners.
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