Global Supply Chain Management: The Role of Technology in Improving Efficiency

Abstract

The global supply chain represents an essential component of present-day business by establishing advanced connections between manufacturers and businesses that work with suppliers and consumers located in different parts of the world. Modern supply chain operations underwent fundamental changes because of recent technology integrations between them which led to enhanced efficiency alongside lower prices and better supply visibility. This document examines how blockchain along with AI, ML and IoT technologies work together for optimizing global supply chain operations. The paper examines industry reports along with case studies which demonstrate existing applications of these technologies to simplify business operations while improving trend forecasting and decision making capabilities and resolving delays while fighting fraud. The paper examines obstacles for technology adoption through financial limitations and infrastructure necessities and change resistance and presents methods for businesses to navigate these hurdles. The research demonstrates how technology transforms global supply chain management by offering business organisations a clear guide for operational improvement.