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Having established the context of the supply chain game in a previous post, we can now look at some of the strategies supply chain players utilise in order to gain a competitive advantage. The key to success here is basing your business strategy on the specific target market and aligning your supply chain accordingly. To achieve this, it is vital to:

  • Understand the market that your company serves
  • Position your company relative to its core strengths and competencies
  • Develop the needed supply chain capabilities to support this position

Market conditions determine game plan

Save for a manufacturing monopoly of complex products, a one-size-fits-all business strategy is no longer a viable option given the imitation capabilities of global supply chain players spread across various regulatory boundaries. Moreover, increasingly empowered consumers also means that supply chains will have to cater to specific tastes which can vary greatly across cultures. …


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Singapore Blockchain Week’s first virtual conference just concluded yesterday (21 July 2020) and the word that seems to be on the tips of every panelist’s tongue is that of “interoperability”. Having had the privilege to speed run through the video conferences in the comfort of my PJs, I thought it would be good to see what the industry means by this as well as touch on other interesting points which came up in the discussions.

The one thing that the panelist agreed on is that the industry has matured significantly, especially as COVID became the unexpected catalyst to push the industry towards more production blockchains instead of proof-of-concepts (POCs). In an environment where people can’t meet face-to-face, the trust assumptions built into blockchain systems seems to be able to encourage better virtual collaboration. Discussions about the future of the technology has shifted from potential use cases to how existing use cases could integrate with each other. Essentially, how can individual systems interoperate by building smart contracts on their own systems which can then trigger contracts on an external system. …


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It is no secret that the supply chain has long been touted as one of the major industries ripe for major disruption with the introduction of blockchain technologies. This is due to the fact that individual products in the modern economy have multiple touch points throughout their supply chain involving various parties. Given this backdrop, it is easy to see why participants in the supply chain are drawn towards a technology which promises to introduce levels of trust previously unobtainable via the social sourcing of truth. …

About

Aw Kai Shin

Technologist and Crytoeconomist

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