image credit: Pixabay

Will 2020 Be the Year You Embrace Blockchain in Manufacturing?

February 20, 2020

The power of trust is what binds manufacturers and their distribution channel partners to honor their commitments with each other’s best interests. Lately, however, that trust is strained as revenue growth shrinks across the supply chain.

According to McKinsey & Company, consumer packaged goods manufacturers saw revenue growth drop from 9.7% in 2011 to a dramatically lower 1.2% in 2018. While facing this decline, manufacturers have also contended with retailers’ attempts to stem their own lost revenue; after all, retailers are under pressure to keep up with the same levels of demand or face steep fines for late or incomplete shipments.

Read More on Manufacturing Tomorrow