| Abstrakt: |
These Supply chain involves various stages that includes manufacture, distribution, storage, and transit of goods. It is frequently overseen by a large number of businesses, suppliers, and other stakeholders. The Administration for International Trade states that more than 76% of global trade is done by supply chain transactions, demonstrating its enormous importance in the worldwide economy. Decentralized solutions and blockchain technology are rapidly gaining attraction in a number of industries, with the FMCG industry showing particular interest. Blockchain presents a compelling alternative for FMCG supply chain optimization as it has many benefits like traceability, transparency, and security. When used, blockchain improves information exchange's traceability and transparency, and smart contracts allow for automated contract execution, which lowers payment latency and simplifies complicated contracts. Blockchain has enormous potential to transform FMCG management for supply-chain, comprising provenance tracking, inventory control, demand forecasting, and communication. The difficulties in conventional supply-chain are addressed by integrating with blockchain technology. Coordination blockchain into supply chains for fast-moving buyer merchandise is imperative for progressing effectiveness, cutting costs, and cultivating believe and collaboration among supply chain members. This alter has the potential to definitely change the FMCG supply chain environment whereas giving a reasonable course forward for expanded effectiveness, security, and transparency. [ABSTRACT FROM AUTHOR] |
