Globalization has transformed organizations' supply chains from localized operations into multifaceted, interconnected global networks. While this has opened up new avenues of growth for companies, the increased complexity resulting from fluctuations in demand and supply, high levels of interdependence, and strict regulatory and compliance requirements have exposed their supply chains to greater vulnerabilities. The Covid-19 pandemic further exposed the limitations of traditional supply chains, exacerbated by geopolitical turmoil, underscoring the need for digitally enabled solutions. 

Supply chain technology includes digital tools, software, and systems that leverage technologies such as RFID, IoT, and AI/ML to improve supply chain visibility, traceability, risk management, planning, and collaboration among supply chain partners. It plays a key role in optimizing the diverse processes involved in the production, distribution, and delivery of goods and services. These technologies are used in a wide range of industries serving stakeholders such as suppliers, manufacturers, logistics companies, and retailers and help organizations minimize lead times, reduce costs, and enhance the efficiency and quality of the end product.