The potential of IoT to transform supply chain management through enhanced connectivity and real-time data

Abstract

This review paper examines the transformative potential of Internet of Things (IoT) technology in supply chain management (SCM). It elucidates how IoT-enabled solutions enhance visibility, efficiency, cost-effectiveness, and risk management across supply chain processes. Despite promising benefits, challenges such as data security, integration complexity, scalability, and technological dependencies are identified. Emerging trends in edge computing, artificial intelligence, machine learning, and blockchain and recommendations for successful implementation are discussed. The paper underscores the significance of IoT adoption for businesses, consumers, and society, envisioning a future marked by interconnected, intelligent, and sustainable supply chains.