Infographic Does blockchain hold the key to a new age of supply chain transparency and trust?
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The document discusses the potential of blockchain technology to enhance supply chain transparency and trust, emphasizing its role in saving costs, improving traceability, and reducing risks. It highlights that many organizations are still in the experimentation phase of blockchain implementation, with consumer products and manufacturing leading in use case adoption. Key strategies for successful blockchain integration include forming consortia, implementing security measures, and preparing to measure success effectively.
Infographic Does blockchain hold the key to a new age of supply chain transparency and trust?
- 1. United Kingdom FranceUnited States Does blockchain hold the key to a new age of supply chain transparency and trust? Saving costs, improving traceability and transparency are key drivers of blockchain investments Drivers of blockchain investments Source: Capgemini Research Institute, Blockchain Survey; April–May 2018, N=447 organizations. Source: Capgemini Research Institute, Blockchain Survey; April–May 2018, N=447 organizations. Using blockchain to tackle supply chain pain points Most blockchain deployments are still in the experimentation stage Who is leading in the blockchain race? Blockchain in supply chain: where should organizations consider investing? How can organizations deliver a resilient blockchain program? This message contains information that may be privileged or confidential and is the property of the Capgemini Group. Copyright © 2018 Capgemini. All rights reserved. Source: Capgemini Research Institute. Download Report 89% Cost saving Enhancing traceability Enhancing transparency Increasing revenues Reducing risks Creating new business opportunities Being customer -centric 81% 79% 57% 50% 44% 38% Consumer Products tops the list of the industries with one-sixth moving beyond Proofs Of Concept Pacesetters Source: Capgemini Research Institute, Blockchain Survey; April–May 2018, N=447 organizations. Source: Capgemini Research Institute, Blockchain Survey; April–May 2018, N=447 organizations, N=61 pacesetters. Source: Capgemini Research Institute, Blockchain Survey and expert interviews; April–May 2018, N=447 organizations. * Use case adoption is calculated as a weighted average of PoCs, pilots and at scale implementations of a particular use case across the organizations implementing that use case Source: Capgemini Research Institute, Blockchain Survey; April–May 2018, N=447 organizations. Source: Capgemini Research Institute Analysis. Top five use cases by adoption* in each industry Manufacturing that are either implementing blockchain at scale (3% of the sample) or have pilots in at least one site (10% of the sample). The UK, US and France have the highest proportion of pacesetters Consumer products Retail Only proofs of concept Pilot in at least one site At-scale implementations 86% 8% 2% 2% 6% 15% 7% 83% 91% Manufacturing Consumer products Retail Pilot in at least one site 87% 10% 3% Only proofs of concept At-scale implementations Pacesetters show a higher level of organizational readiness 13% of our group - have an end-to-end visibility across their functions Supplier contract management Digital thread Tracking production Tracking asset maintenance Tracking recalled parts Tracking provenance Tracking critical parameters Monitoring asset conditions Regulatory compliance Providing warranties Blockchain-enabled marketplaces Preventing counterfeits Inventory and pilferage tracking Tracking returned goods Loyalty program management vs 80% all organizations55% have defined and detailed their supply chain processes vs 79% all organizations65% Low Low High High Adoption Complexity Tracking provenance Tracking components quality Tracking production Inventory and pilferage tracking Tracking critical parameters Tracking return goods Tracking recalled parts Customer warranties Loyalty programs Tracking asset conditions Tracking asset maintenance Contracts management Prevention of counterfeits Enabling pricing transparency Contract labor procurement Digital thread Sharing operations data Carbon credits Trade financing Regulatory compliance Payments to suppliers Edge computing Digital marketplaces Trade promotion Procurement Production and maintenance Distribution and logistics Sales and marketing Entire value chain Approach for a resilient blockchain Program Be a part of a consortium to achieve standardization Implement strong security controls before scaling the initiatives Ascertain how you want to measure the success of your proofs of concept Assess organizational readiness Prepare your strategy based on your market position Answer the question – Do you need a blockchain? Issues with traditional supply chains Lack of traceability Risks involved with multiple stakeholders Lack of responsiveness Largely manual processing Regulatory compliance Reconciliation burden How blockchain could address these problems Audit trail for all transactions Immutable - secure against undesired changes Near real-time Digitalized means quicker Tamper-proof data is easily verifiable Single shared source of truth