Articlehybrid2024

The potential of IoT to transform supply chain management through enhanced connectivity and real-time data

Kudirat Bukola Adeusi · Ayodeji Enoch Adegbola · Prisca Chinazor Amajuoyi · Mayokun Daniel Adegbola · Lucky Bamidele Benjamin

30 citations0/0 files storedWorld Journal of Advanced Engineering Technology and Sciences

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Impact of AI and Big Data on Business and Society Digital Transformation in Industry Food Supply Chain Traceability

Abstract

This review paper examines the transformative potential of Internet of Things (IoT) technology in supply chain management (SCM). It elucidates how IoT-enabled solutions enhance visibility, efficiency, cost-effectiveness, and risk management across supply chain processes. Despite promising benefits, challenges such as data security, integration complexity, scalability, and technological dependencies are identified. Emerging trends in edge computing, artificial intelligence, machine learning, and blockchain and recommendations for successful implementation are discussed. The paper underscores the significance of IoT adoption for businesses, consumers, and society, envisioning a future marked by interconnected, intelligent, and sustainable supply chains.

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References

2008Proactive planning for catastrophic events in supply chains 2023Artificial intelligence in logistics and supply chain management: A primer and roadmap for research 2017Understanding risk management for intentional supply chain disruptions: risk detection, risk mitigation, and risk recovery 2020A systematic literature review of supply chain decision making supported by the Internet of Things and Big Data Analytics 2020Big data supply chain analytics: ethical, privacy and security challenges posed to business, industries and society 2020Internet of Things – the future of managing supply chain risks 2023Internet of Things (IoT) in Supply Chain Management: Challenges, Opportunities, and Best Practices 2018Analytical foundations for development of real-time supply chain capabilities

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