Supply Chains Digitalisation: The Future of Freight & Logistics
Compared to other industries, the freight and logistics sectors have only recently begun to incorporate new technologies into their operations. At a webinar on 29 June, IBM’s Karen Ko, Chris Leung and Jenny Zhang shared their insights on how companies can effectively leverage technologies like blockchain and the Internet of Things to promote information sharing and collaboration across the supply chains, thereby encouraging innovation to transform the industry for the better. They also said that the pandemic had highlighted the need for companies to adapt and modernize quickly to keep their operations running and better weather the crisis. Several characteristics of blockchain – enhanced privacy, greater transparency and the immutability of records – make it an advantageous technology for the freight and logistics industry.
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