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Blockchain Technology for Information Sharing to Mitigate the Bullwhip Effect

In: Disruptive Technologies and Optimization Towards Industry 4.0 Logistics

Author

Listed:
  • Muthana Al-Sukhni

    (Luleå University of Technology)

Abstract

Globalization and the surge of competition across industries forced companies to improve their supply chain capabilities to serve their customers efficiently and effectively. Due to this fact, businesses are no longer capable of handling all supply chain operations without collaboration and coordination with other firms. One of the key obstacles to coordination is the lack of information sharing and trust between firms since they view information as a sensitive asset. Digital technologies like blockchain, with its inherited features, have the capability to facilitate real-time information sharing, solve trust issues, and improve end-to-end visibility across the supply chain. This paper highlights the impact of multiple aspects of information sharing on the bullwhip effect mitigation and explores the potential of blockchain technology as a new coordination mechanism for reducing information distortions, enhancing trust, and orchestrating decision making. Three research papers have been produced within this context.

Suggested Citation

  • Muthana Al-Sukhni, 2024. "Blockchain Technology for Information Sharing to Mitigate the Bullwhip Effect," Springer Optimization and Its Applications, in: Athanasia Karakitsiou & Athanasios Migdalas & Panos M. Pardalos (ed.), Disruptive Technologies and Optimization Towards Industry 4.0 Logistics, pages 95-121, Springer.
    • Handle: RePEc:spr:spochp:978-3-031-58919-5_3
    DOI: 10.1007/978-3-031-58919-5_3
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