The COVID-19 crisis has taken precious lives and devastated the global
economy. It has also revealed chinks in our supply chains. Not only did
manufacturers find themselves scrambling unsuccessfully to find new
suppliers when their Asian sources shut down, but the Western world
experienced across- the-board shortages of essential consumer packaged
goods for the first time in decades. The Blockchain has the potential to
minimize these kinds of pandemic disruptions. In this book, the
contributors show how the Blockchain can fix longstanding problems that
make the business of getting goods to the customer so slow and
expensive, especially in a crisis. Today's supply chains are complex, as
they move things through trucks, planes, boats, and trains. Too many
parties rely on a hodgepodge of documents and intermediaries to do
business, which makes it slow and expensive to get goods to the
customer. That's why, in a pandemic, an uninformed consumer might
reasonably believe that toilet paper won't be available for many months.
Enter blockchain--the Internet of Value. For the first time in human
history, individuals and organizations can manage and trade their assets
digitally peer to peer. In doing so, they will reinvent global commerce
and how we exchange value. This will transform the best practices of
operations, logistics, procurement and purchasing, transportation,
customs and border control, trade finance and insurance, manufacturing,
and inventory management. Supply Chain Revolution identifies what
leaders should be doing now to prepare their organizations for the
inevitable decentralized future. With contributions from some of the
world's top experts, this book provides a view of the fast- approaching
future of global supply chains, ripe for disruption at every level and
in every role. Enterprise executives and entrepreneurs alike will find
ideas and opportunities to learn, discuss with all their stakeholders,
and decide how best to participate in the blockchain revolution.
