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SUPPLY CHAIN - THE INEVITABLE TREND OF RETAIL INDUSTRY

With the supply chain, independent industries such as Agriculture, Transportation, Wholesale, Retail, etc. are closely connected with data links on the Blockchain platform. Through every step of bringing the product to consumers, information is stored and updated continuously. This not only supports distributors to supervise necessary activities but also brings practical benefits to consumers, stimulates purchasing activities and develops more for the retail industry.

ISSUES OF RETAIL INDUSTRY

Application of technology 4.0 significantly supports the operations of the retail industry. However, asynchronous digitization across all industries leads to some challenges that retail units are still facing.

CUSTOMER RETENTION

CUSTOMER RETENTION

There are many other retailers compete in the industry, so it is hard to retain regular customers

INFORMATION INTERRUPTION

INFORMATION INTERRUPTION

Passive in receiving information from the previous stage in the production process and product transport

CUSTOMER DATA ANALYSIS

CUSTOMER DATA ANALYSIS

Large scale of customer data, difficult to store, analyze and secure

BENEFITS FROM SUPPLY CHAIN FOR CONSUMERS AND BUSINESSES

Synchronize digital information

All information is synchronized instantly (real-time) on the blockchain platform. Supply chain businesses can update data immediately. As a result, each unit is proactive in its own activities and proactively handles any problems occur.

Data security and accurate analysis

The data is analyzed and returned in the form of tables thanks to the application of Power BI, which is convenient for monitoring and evaluating operational results. At the same time, the analysis also updates regularly according to changes of data on the Blockchain platform, which increases accuracy.

Quality assurance & reliability

Retailing is the last step in the supply chain. However, consumers can still easily track and trace the products from the first stage as raw materials production, manufacturing places, etc. Businesses retain customers thanks to the reliability and assurance of product quality.