Towards A Sustainable and Ethical Supply Chain Management: The Potential of IoT Solutions

TL;DR

This paper explores how IoT technology enhances supply chain management by improving security, traceability, and trust across various industries, addressing unique challenges in sectors like pharmaceuticals and agriculture.

Contribution

It provides a comprehensive analysis of IoT solutions tailored to different supply chain challenges across multiple industries, highlighting their potential for sustainability and ethics.

Findings

IoT improves security and traceability in supply chains.

Different industries require customized IoT solutions.

IoT integration enhances trust and reliability in SCM.

Abstract

Globalization has introduced many new challenges making Supply chain management (SCM) complex and huge, for which improvement is needed in many industries. The Internet of Things (IoT) has solved many problems by providing security and traceability with a promising solution for supply chain management. SCM is segregated into different processes, each requiring different types of solutions. IoT devices can solve distributed system problems by creating trustful relationships. Since the whole business industry depends on the trust between different supply chain actors, IoT can provide this trust by making the entire ecosystem much more secure, reliable, and traceable. This paper will discuss how IoT technology has solved problems related to SCM in different areas. Supply chains in different industries, from pharmaceuticals to agriculture supply chain, have different issues and require different solutions. We will discuss problems such as security, tracking, traceability, and warehouse issues. All challenges faced by independent industries regarding the supply chain and how the amalgamation of IoT with other technology will be provided with solutions.