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The world on your Palm: 'An Implication for the Global Digital Supply Chain Economy'

Journal: International Journal of Advanced Engineering Research and Science (Vol.4, No. 5)

Publication Date:

Authors : ;

Page : 45-62

Keywords : Digital transformation; internet of things; disruptive technology; cloud computing; mobile technologies.;

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The emergence of the global corporation and the global supply chain has brought about parallel changes in today’s global economy; however, supply chain management has become ever more complex. In recent years, the ever-increasing technical complexity of standard consumer goods, combined with the ever-increasing size and depth of the global market, indicate that the connection between vendors and consumers is usually the link in the supply chain. The stampede to acquire new technologies and scientific innovations are an imperative. Businesses will have to reorganize and continue to modify their business-model to capture potential benefits on emerging technology with the risk of altering existing ones. Some disruptive Technologies include; mobile internet, internet of things, cloud, advance robotics, autonomous and near-autonomous vehicles, energy storage, and renewable energy, and advanced materials. Some of these technologies do in fact have the potential to disrupt the status quo, alter the way people live and work. Within the nature of things, technology will continue to change, but this will require strong structure and retraining. These changes, will update business models that will lead to truly the next big thing with a new mantra “adapt or perish.”

Last modified: 2017-06-18 20:23:19