SUMMARY
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Problems
Logistic issues that slow down the production and distribution of goods
Logistics represents a crucial part of the process of production and distribution of goods, but often there are problems that can slow down the workflow and increase costs.
Delivery delays: causes and solutions
Among these, the three most common problems are delivery delays, lack of traceability of goods, and high management costs. The first problem, delivery delays, can be caused by various factors. For example, there may be poor planning or coordination among suppliers, manufacturers, and distributors. In addition, unforeseen problems such as road accidents, adverse weather conditions, or mechanical problems with vehicles can occur. These delays can have negative consequences on customer satisfaction and the company’s reputation.
Traceability of goods: how to avoid errors and thefts
The lack of traceability of goods is another common problem in logistics. When goods are transported through different stages of the distribution chain, it can be difficult to keep track of where they are at a given moment. This can lead to delivery errors, loss of goods, or even theft.
How to reduce logistics management costs
Finally, high management costs can be a significant problem for companies operating in the logistics sector. Costs can arise from multiple sources, including warehouse management, transportation, personnel, and technological infrastructure.
Solutions
Greater transparency and traceability of goods through blockchain technology
If you’re looking for an innovative solution to revolutionize the logistics industry, blockchain technology is what you need. This technology is transforming the way companies manage their operations, enabling them to achieve greater transparency, traceability, and security in the supply chain. Thanks to blockchain technology, greater transparency and traceability of goods along the supply chain is possible. Companies can monitor the movement of goods in real-time and quickly identify any issues. The immutable digital records created by blockchain technology also provide greater reliability in transactions.
Reduced management costs with blockchain technology
Blockchain technology can also reduce management costs by simplifying administrative procedures and automating some of the most laborious activities. This allows companies to save time and resources, improving efficiency and competitiveness.
Increased transaction security in the supply chain thanks to blockchain technology
Blockchain technology can increase transaction security in the supply chain by reducing the risks of fraud and manipulation. Thanks to its decentralized and encrypted architecture, blockchain technology ensures data integrity and transaction security, increasing user confidence in the supply chain.
Case Studies
IBM
IBM has developed a blockchain platform called TradeLens in collaboration with Maersk. The platform aims to improve transparency and traceability of goods along the supply chain by allowing different actors to share real-time data. This way, it is possible to monitor the movement of goods and quickly identify any problems, reducing delivery delays.
EVERLEDGER
Everledger is a company that uses blockchain technology to track diamonds and other precious stones along the supply chain. The blockchain allows for immutable records of the properties of the stones, improving transparency and reducing the risk of fraud and counterfeiting.
WALMART
Walmart has implemented a blockchain-based goods tracking system to ensure the safety of food products. The system allows for monitoring of goods movement along the supply chain, enabling quick identification of any issues and isolation of contaminated products. This way, it is possible to improve food safety and consumer trust in the supply chain.Advantages
Optimized Transparency and Traceability
According to a recent Gartner report, by 2023, 90% of companies that manage supply chains will use blockchain technology to ensure greater transparency and traceability of goods. With blockchain technology, you can monitor every stage of the delivery process and have access to accurate and reliable information.
Cost Reduction
According to a Transparency Market Research report, the adoption of blockchain technology in logistics can reduce management costs by up to 30%. This is possible due to the simplification of administrative processes and the reduction of inefficiencies, allowing you to save time and money.
Improved Security
Blockchain offers a decentralized and encrypted architecture, ensuring a high level of security. According to a Statista study, 64% of industry experts believe that blockchain can improve logistics security, offering greater protection against cyber threats.
Simplified Collaboration
Thanks to the use of blockchain technology, collaboration among different actors in the supply chain can be significantly improved. According to DHL research, the use of blockchain enables secure and transparent data sharing, improving communication and cooperation among various stakeholders.
Optimized Exception Management
According to Deloitte research, the use of blockchain technology can help companies better manage exceptions in the supply chain. This reduces delivery delays and improves customer satisfaction, ensuring greater efficiency in your business.
Find out how we can help you
Blockchain technology represents a true revolution in the logistics sector, offering greater transparency, traceability, and operational security. However, the adoption of blockchain can present some challenges that require careful planning to ensure project success.
If you’re looking for a solution to overcome these challenges, our consultancy can help.
Through a thorough feasibility assessment, we identify the client’s objectives and needs, analyze existing logistics processes, and evaluate the technical and implementation requirements of blockchain technology.
During this call, one of our blockchain experts will explain how our consultancy can help your company effectively and strategically adopt blockchain technology.
Not only will you receive detailed information about our services, but you will also have the opportunity to ask all your questions. Our consultancy will show you how blockchain technology can transform your company in an innovative and advantageous way.
Book a free consultation
We provide concrete solutions to market limits, through blockchain technology
Since 2018 we have been guiding companies in responsible innovation, through the choice and best application of decentralized technologies. With offices in Venice and Milan, partners in Europe and the Middle East, we are the reference Blockchain Integrator for medium and large companies. We are part of a continuously growing Group that offers an integrated platform of services for innovation and research in the technological field.