How does technology facilitate global supply chain integration? 🔊
Technology facilitates global supply chain integration by employing tools such as IoT sensors, cloud computing, and real-time data analytics. These technologies enable seamless tracking of inventory, shipments, and production processes across various locations. They provide visibility into the supply chain, allowing companies to respond rapidly to changes in demand or disruptions. Enhanced communication tools also improve collaboration among suppliers, manufacturers, and distributors, ultimately streamlining operations and enhancing efficiency in global trade.
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