Blockchain Technology Improves the Resilience of Manufacturing Supply Chain An Exploration Based on Grounded Theory

In recent years, the manufacturing supply chain has faced significant disruptions due to events such as the COVID-19 pandemic and geopolitical tensions. These events have exposed the vulnerabilities in global supply chains, emphasizing the need for greater resilience. This study explores the role of blockchain technology in enhancing the resilience of manufacturing supply chains through a grounded theory approach. This research conducted semi-structured interviews with experts and practitioners from various manufacturing sectors, including electronics, machinery, and medical devices. The findings reveal that blockchain technology significantly improves supply chain transparency, traceability, data security, inventory management, and risk management. The decentralized and immutable nature of blockchain allows for real-time monitoring and efficient coordination across the supply chain, facilitating rapid recovery and continuous operations during disruptions. Additionally, blockchain enhances collaboration and trust among supply chain partners through transparent and secure information sharing. This research provides valuable insights and practical guidance for manufacturing companies seeking to leverage blockchain technology to strengthen their supply chain resilience. By improving these key areas, blockchain can help companies better navigate the complexities and uncertainties of the global market.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-19
DOI
https://doi.org/10.54254/2754-1169/2024.18266
Citations
4
Primary Topic
Supply Chain Resilience and Risk Management
Type
article
Field-Weighted Citation Impact
2.22
Controls
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article

Blockchain Technology Improves the Resilience of Manufacturing Supply Chain An Exploration Based on Grounded Theory

Yang Zhou
4 citations
Advances in Economics Management and Political Sciences
Supply Chain Resilience and Risk Management
2.22
article

Blockchain Technology Improves the Resilience of Manufacturing Supply Chain An Exploration Based on Grounded Theory

Yang Zhou
article en
4 citations

Abstract

In recent years, the manufacturing supply chain has faced significant disruptions due to events such as the COVID-19 pandemic and geopolitical tensions. These events have exposed the vulnerabilities in global supply chains, emphasizing the need for greater resilience. This study explores the role of blockchain technology in enhancing the resilience of manufacturing supply chains through a grounded theory approach. This research conducted semi-structured interviews with experts and practitioners from various manufacturing sectors, including electronics, machinery, and medical devices. The findings reveal that blockchain technology significantly improves supply chain transparency, traceability, data security, inventory management, and risk management. The decentralized and immutable nature of blockchain allows for real-time monitoring and efficient coordination across the supply chain, facilitating rapid recovery and continuous operations during disruptions. Additionally, blockchain enhances collaboration and trust among supply chain partners through transparent and secure information sharing. This research provides valuable insights and practical guidance for manufacturing companies seeking to leverage blockchain technology to strengthen their supply chain resilience. By improving these key areas, blockchain can help companies better navigate the complexities and uncertainties of the global market.

Advances in Economics Management and Political SciencesVol. 128(1)
Macau University of Science and Technology (MO)
Openalex Percentile: Top 9%
Supply Chain Resilience and Risk Management
2.22
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Blockchain Technology Improves the Resilience of Manufacturing Supply Chain An Exploration Based on Grounded Theory — Yang Zhou · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS