The manufacturing sector's approach to supply chain visibility (SCV) is shaped by industry-specific requirements and regional factors. Advanced industries with complex products often leverage technologies like IoT and AI for real-time visibility, while sectors like textiles focus on traceability to meet ethical standards. In emerging markets like Bangladesh, challenges such as limited access to IT infrastructure and high product complexity necessitate tailored approaches to SCV. Regional variations in economic, regulatory, and cultural contexts further influence how firms implement SCV to achieve sustainable economic, social, and environmental performance.
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Industries dealing in perishable items, like food and beverages, or high-value items like electronics or pharmaceuticals, have to be more strict with the visibility practices due to real-time tracking and monitoring.
Regulatory Compliance:
Industry-Specific Factors:
The industries have different regulations concerning supply chain transparency-for example, pharmaceuticals are under strict drug tracking laws, while consumer goods may fall under a different category. Compliance needs can drive the adoption of SCV tools.
Complexity of Supply Chain:
It's the industries with multi-tiered supply chains, such as automotive or aerospace, that need better visibility practices to handle parts and logistics dependencies and risks.
Technological Maturity:
Some industries are more technologically advanced than others in terms of the adoption of IoT, AI, and blockchain for SCV. Advanced technologies can be utilized more effectively by industries such as technology and aerospace compared to labor-intensive industries.
Customer Expectations:
Industries related to high customer satisfaction and timely delivery, such as e-commerce and retail, are likely to use SCV practices in their operations as a result of consumer demands for transparency.