THE ROLE OF IT IN ENHANCING SUPPLY CHAIN RESILIENCE: A GLOBAL REVIEW
In today's dynamic and interconnected global business environment, supply chain resilience has emerged as a critical factor for organizations seeking to navigate uncertainties and disruptions. This review explores the pivotal role of Information Technology (IT) in bolstering supply chain resilience on a global scale. As supply chains become increasingly complex and vulnerable to various risks, including natural disasters, geopolitical tensions, and pandemics, leveraging IT capabilities becomes imperative for organizations aiming to build and sustain resilience. The review encompasses an in-depth analysis of how IT tools and systems contribute to enhancing supply chain resilience across diverse industries and geographical regions. The integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and blockchain is examined, shedding light on their transformative impact on supply chain management. These technologies enable real-time visibility, predictive analytics, and secure information sharing, empowering organizations to proactively identify risks and respond swiftly to disruptions. Furthermore, the review delves into the significance of digital platforms and cloud-based solutions in fostering collaboration and agility within supply chains. The ability to access and share critical information seamlessly among supply chain partners facilitates quick decision-making and adaptive responses to unforeseen challenges. Case studies from various global contexts provide insights into successful IT implementations that have significantly improved supply chain resilience, showcasing best practices and lessons learned. This global review underscores the indispensable role of IT in fortifying supply chain resilience. As organizations continue to grapple with an ever-evolving landscape of uncertainties, leveraging cutting-edge IT solutions emerges as a strategic imperative for building robust, adaptable, and responsive supply chains that can withstand and recover from disruptions effectively.
Keywords: IT, Supply Chain, Resilience, Review, Technology.
Copyright (c) 2024 Akoh Atadoga, Femi Osasona, Olukunle Oladipupo Amoo, Oluwatoyin Ajoke Farayola, Benjamin Samson Ayinla, Temitayo Oluwaseun Abrahams
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