Enhancing Supply Chain Resilience: the Impact of Blockchain & Emerging Technologies on Traceability

Supply chain traceability is an invaluable tool for companies to gain a competitive advantage today. The ever-changing global business environment, unpredictable market conditions, and changing consumer preferences call for agile supply chain systems. The pandemic helped reveal the vulnerabilities within the supply chain networks that need addressing. Various challenges, such as data reliability and integration, affect the current supply chain traceability and must be addressed. Such factors lead to inefficiencies within the system, which affect the process and lead to inconsistencies. The paper uses a systematic literature review to identify recent challenges and solutions to supply chain traceability. An analysis of blockchain technology's role in promoting transparency and security in supply chain systems was conducted. Lastly, an in-depth analysis of how improving traceability can help the supply chain networks build resilience.