Today, supply chain networks span the globe, with the digital revolution multiplying both opportunity and complexity. As a result, the combination of the need for speed and growing big data volumes can cause existing supply chain planning processes to overload.
Dr Veronica Martinez from the Institute for Manufacturing (IfM) at the University of Cambridge, working with Caroline Burstall and Andrew Noblett at Caterpillar, has used a pilot project to show that blockchain can deliver significant supply chain benefits.
As connectivity in the Industrial Internet of Things (IIoT) increasingly transforms manufacturing, new global research has revealed that nearly eight in 10 manufacturers (79%) have suffered some form of IoT cyberattack in the past year.
Manufacturers are beginning to view 5G technology, and its associated high data speeds, as a vital component to their business, prompting interest in obtaining private licences as a way to control 5G strategy. A recent report has come up with some interesting findings.