TECHNOLOGICAL INNOVATIONS IN RISK MANAGEMENT: ENHANCING RESILIENCE AND EFFICIENCY IN GLOBAL SUPPLY CHAINS
DOI:
https://doi.org/10.29121/granthaalayah.v11.i1.2023.6028Keywords:
Technological Innovations, Risk Management, Global Supply Chains, Artificial Intelligence, Blockchain, Predictive Analytics, Financial Resilience, Digital Transformation.Abstract [English]
Global supply chains remain vulnerable to a multitude of risks due to geopolitical instability, economic unpredictability, and technological disruption. This paper explores how technological progress can enhance approaches to risk management, strengthening resilience and productivity in global supply networks. By integrating artificial intelligence, blockchain, and predictive analytics into operations, corporations can mitigate financial hazards, optimize logistics, and bring greater transparency to supply chains. The research employs a mixed methodology, evaluating case studies and empirical data to gauge the impacts of emerging technologies on financial risk administration. The findings indicate that digital transformation bolsters supply chain adaptability, diminishes operational expenses, and cultivates long-term profitability. The paper concludes that embracing advanced technological remedies is imperative for guaranteeing sustainable and adaptable global supply systems.
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Copyright (c) 2023 Dr. Jagdish Kumar Sahu
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