Author(s)

Ruilin Ge ¹

Affiliation(s)

¹ Curtin Singapore, Science Park II, 117684, Singapore

Corresponding Author

Ruilin Ge

ABSTRACT

With the advancement of globalization and continuous technological progress, global supply chains have become a critical pillar of the modern economy. However, global supply chains also face numerous challenges, such as political and economic uncertainty, natural disasters, labor issues, and environmental sustainability pressures. To address these challenges, businesses need to implement innovative solutions. This paper analyzes how digital transformation, smart supply chains, decentralized and diversified supply chain strategies, and the application of green technologies can help businesses enhance supply chain efficiency, reduce risks, and promote sustainable development. Through technologies such as big data, artificial intelligence, the Internet of Things (IoT), and blockchain, businesses can achieve real-time monitoring and dynamic optimization of supply chains, improve transparency, and ensure product traceability. Smart systems such as automated warehouses and drone delivery significantly improve logistics efficiency and reduce labor costs. Decentralized and diversified supply chain structures help mitigate the risks associated with supply chain disruptions. Furthermore, the application of green technologies not only reduces environmental impacts but also drives the development of green supply chains and circular economies. Finally, this paper explores pathways for the sustainable development of global supply chains, proposing strategies such as green transformation, circular economy models, and cooperation between government and businesses. In the future, companies should continue to innovate, strengthen risk management, and push global supply chains toward greater flexibility, sustainability, transparency, and green development.

KEYWORDS

Global supply chain; Digital transformation; Smart supply chain; Decentralized supply chain; Green supply chain; Sustainable development; Technological innovation

CITE THIS PAPER

Ruilin Ge, Opportunities and Challenges in Global Supply Chains: Implementing Innovative Solutions for Sustainable Development. Industrial Engineering and Innovation Management (2024) Vol. 7: 113-119. DOI: http://dx.doi.org/10.23977/ieim.2024.070414.

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