Smart Technology Trends, Smart Supply Chain Management Implementation, and Smart Supply Chain Innovation Performance in Developing and Developed Economies
Abstract
Many companies and scholars predict that supply chain configuration will undergo a significant adjustment during this period of change in a digitally driven future (Liu et al., 2022). The supply chain and management industry view these risks as including the rising frequency of disruptions to the global trading system caused by both endogenous and exogenous risks, including extreme weather events, pandemics, cybersecurity threats, and financial crises, as well as the widespread use of technology created during the Fourth Industrial Revolution (Cordon, 2020). Businesses that survive the upcoming changes in customer behavior will have invested in digitization and diversity. The researcher determines the association between smart supply chain management implementation and smart supply chain innovation performance, mediated by smart technology trends in developing and developed countries, using a descriptive quantitative approach. Results show that the performance of smart supply chain innovation and smart supply chain management are not correlated. Furthermore, smart supply chain management's ability to mediate smart technological advances is notably lacking. As a result, the researcher produced an implementation strategy to improve the optimization of smart technological trends in the smart supply chain, in both developed and developing nations.
Keywords
smart supply chain implementation, smart supply chain innovation performance, smart technology trends, Industry 4.0, supply chain management in developed and developing countries
Citations
IRE Journals:
Haichang Tian
"Smart Technology Trends, Smart Supply Chain Management Implementation, and Smart Supply Chain Innovation Performance in Developing and Developed Economies" Iconic Research And Engineering Journals Volume 6 Issue 9 2023 Page 137-152
IEEE:
Haichang Tian
"Smart Technology Trends, Smart Supply Chain Management Implementation, and Smart Supply Chain Innovation Performance in Developing and Developed Economies" Iconic Research And Engineering Journals, 6(9)
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