Article Details
THE FUTURE OF SUPPLY CHAIN: INNOVATIONS, BEST PRACTICES, AND KEY TRENDS
Authors: Dr.S.Melchior Reddy, Dr. B. R. Kumar
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Abstract
The global supply chain is undergoing a significant transformation driven by technological advancements, consumer expectations, and market volatility. The advent of Industry 4.0, digitalization, and the integration of artificial intelligence (AI) and machine learning (ML) has led to the development of a "Next-Gen" supply chain. These innovations are not just optimizing processes but redefining how supply chains operate, making them more resilient, transparent, and adaptable to uncertainties. This paper explores key trends, such as AI-driven decision-making, blockchain for transparency, IoT-based inventory management, and sustainability-focused practices that are revolutionizing supply chain operations. The objective is to analyze how these innovations contribute to the efficiency and robustness of modern supply chains and what best practices are emerging in response to these trends.