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Digitalization
access controls , and audit trails that only permissioned network members can access .
Integrating blockchain security with interoperability strengthens the overall resilience of the supply chain ecosystem , facilitating collaboration and trust between trading partners . What ’ s more , interoperable , secure supply chains reduce bottlenecks and provide data that stakeholders or security partners need to respond to issues in real time . This is achieved through standardizing data security practices , minimizing vulnerabilities caused by isolated or incompatible systems , and enhancing security measures for trade as it moves along its journey .
Visualizing a data-led future
Once the systems are in place , an extra layer of strategic thinking is required , including diversifying sourcing locations , maintaining safety stock levels , and establishing alternative transportation routes . So then if any delays hit , there are clear processes and actions in place to resolve issues in a few clicks .
Of course , we all know there isn ’ t a silver bullet to fix the supply chain and free it of ongoing cyber threats , global shock events , and trade disruptions . However , better digitization of supply chains will more effectively inform decisions made by supply chain managers , helping to further protect against disruptions and streamline safe , effective operations . ■
Alexander Style www . vinturas . com
As the General Manager , Americas at Vinturas , a global supply chain collaboration network helping multinational organizations run end-to-end supply chains faster and more efficiently . In his current role , Alexander manages the company ’ s operations across the Americas with a focus on strategic planning and sales leadership .
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