In what ways can emerging technologies such as blockchain and artificial intelligence be utilized to promote sustainability and reduce waste in supply chains?
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Emerging technologies such as blockchain and artificial intelligence (AI) can be utilized to promote sustainability and reduce waste in supply chains in several ways:
Overall, emerging technologies such as blockchain and AI can help promote sustainability and reduce waste in supply chains by enabling greater transparency, accountability, and efficiency.
Blockchain and AI can help to promote sustainability and reduce waste in supply chains by enabling more efficient and transparent tracking of products and materials. For example, blockchain can create a secure and transparent record of a product’s origin, production process, and transportation, making it easier for companies to verify that their products are sustainably sourced and produced. AI can be used to analyze data to identify patterns and trends that can help to optimize supply chain operations and reduce waste, such as predicting demand for products. Overall, these technologies can help companies to operate more sustainably and efficiently while reducing waste in their supply chains.