Why this article is relevant
The supply chain management and the logistic companies are evolving with time. Supply chain industry represents a massive market and it is only going to get bigger in the next coming few years. Currently it is estimated to be of a market of 1.1 trillion, this is according to Council of Supply Chain Management Professionals.
The supply chain firms are moving from a traditional setup to the integration of IT and technology to their operations to reduce the costs incurred as well as to meet the service demands. The growth of the supply chain sector depends upon its soft infrastructure like education, training and policy framework as much as the hard infrastructure.
The organizations are using the most update technology to bring together some of the best services while establishing a supply chain startup. Blockchain technology is one of the most talked about topics which is playing a huge role in the many industries. This technology has made tracking and transparency even more smooth in Supply Chain Management system.