• Blockchain technology creates a shared, unchangeable record of transactions, enabling supply chain traceability and transparency. Managers may automate and streamline business processes with blockchain, which lowers costs and boosts productivity.
• Blockchain technology can promote sustainability and social responsibility in supply chain management by improving environmental performance, promoting fair labor practices, and preventing fraud and counterfeiting.
• Geopolitical factors such as trade policies, tariffs, and political instability can significantly impact the supply chain management and blockchain technology can potentially mitigate these risks.