A group of Penske Logistics associates recently attended the Blockchain Supply Chain Summit in the Schreiber Center at Loyola University in Chicago. This year’s summit attendees included representatives from the business, academic, tech and consulting communities. Penske gave the leadoff presentation at the conference, titled Blockchain Empowered Interoperability: A Single Efficient Tech Ecosystem.
The prominence of supply chain management in the boardroom continues to grow, and there are some great reasons. Let’s start with the relentless corporate quest for year-over-year cost reductions. Then there is the competitive opportunity side, where supply chain agility enables a business to gain an advantage over others in their industry. Finally there is the risk management side of the equation, where the mitigation of potential supply chain disruption is a top priority.