Blockchain Technology Improves the Resilience of Manufacturing Supply Chain — An Exploration Based on Grounded Theory
Year: 2024
Type: article
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.
Author: Yang Zhou
Institution: Macau University of Science and Technology
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405590893