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Lack of cyber in Australian supply chain resilience plan has IBM concerned

ZDNet

Earlier this year, Australia's Productivity Commission released an interim report that looked into vulnerable supply chains, focusing on imports. A final report is now sitting with the government and expected to focus on exports. The purpose of the work led by the Productivity Commission is explained as examining the nature and source of risks to the effective functioning of the Australian economy and Australians' wellbeing associated with disruptions to global supply chains, and to identify any significant vulnerabilities and possible approaches to managing them. "Improvements in technology and trade liberalisation have made it easier and cheaper to source many goods and services from overseas. This has brought benefits from specialisation and economies of scale. It has also lifted the complexity of supply chains -- modern supply chains often rely on inputs from across the globe and can consist of thousands of firms," the report [PDF] said, using the Toyota supply chain as an example, which consists of over 2,100 suppliers.


Global Supply Chain Disruption and Resilience

Communications of the ACM

More and more people are keenly aware of the disruption in global supply chains in recent months, as their daily lives are affected by supply shortage and longer lead times for receiving deliveries of a wide range of products, including new phones, game consoles, and cars. We are also told supply chain disruptions are not about to end but will exist for some time to come. It is therefore worth understanding what has thrown global supply chains into disarray, in what ways the COVID-19 pandemic has played a part, and what will become of global supply chains in the future. In short, the pandemic accentuated preexisting strains in global supply chains and the need to become more resilient to future disruptions. Looking back, the late 20th century was the golden era of global supply chains.


Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

#artificialintelligence

The COVID-19 crisis has hit the global supply chain from all sides. Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity. Erratic consumer demand adds further dysfunction. Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in.


How Does Artificial Intelligence Blockchain And Supply Chains Work?

#artificialintelligence

The world continues to teeter on the brink of the effect of the COVID-19 pandemic. Human activities have gone into a tailspin. Industries face so many issues because of the disruptions within the ecosystems that keep them running. Supply chains all over the world have gone into disarray. The global economy is facing a haphazard recovery with many existing gaps.


Benefits of the blockchain technology in manufacturing

#artificialintelligence

Blockchain technology attempts to address the problems described in the previous section through a common data architecture that allows non-trusting parties to share information in a more secure manner. Blockchains are designed to permanently record transactions, not only currency transactions but also data exchanges, in such a way that the record cannot be tampered with. In contrast, centralized databases can be altered after an entry has been made [5]. The unique design of blockchains can thus enhance trust among organizations, but also add another layer of security and reliability to the supply chain's information system. By deferring questions of trust to a decentralized algorithm that no party controls, transparency along existing supply chains is ensured and, at the same time, the supply chains become more fluid and dynamic.