Achieving resilience in the supply chain by applying IoT technology

In the past few decades, competition has increased between organizations as a result of globalization and fast development in IT. Companies these days are continuously looking to expand their market geographically to attract new customers. With that in mind, the main concern of companies is to achieve their customers’ requirements, which makes the supply chain (SC) longer and more complex. This leads to increased difficulty in managing the SC along with controlling risks and disruptions in SC. Such as loss of a critical supplier, a fire accident in the production facility, or an act of terrorism.