USTGlobal. Global supply chain reforms Role of Blockchain

Transcription

1 USTGlobal Global supply chain reforms Role of Blockchain UST Global Inc, October 2017

2 Table of Contents Introduction 3 Current Scenario and Challenges 3 The UST Global Solution 5 Copyright 2017 UST Global Inc Global supply chain reforms Role of Blockchain I OCTOBER

3 Introduction Supply chain across the globe is undergoing reforms as organizations are focusing on sustainable future. 15% Automation and autonomous mobile robots is a priority to 15% of the warehouse managers* 63% The average inventory accuracy threshold for retail services is only 63% ** 40% 40% of the industries are not using mechanization to streamline the supply chain process, but by 2018, this will reduce to 17% *** Current Scenario and Challenges Supply chain framework is driven by four parameters, which are directly related to the organization s competitiveness. Demand Profile Market Mediation Cost Cost of assets to total cost Product Lifecycle Supply chain design must focus on improving the shortcomings of the current system: Value transfer along with information transfer in supply chains Decentralized immutable systems are preferred as available information increases Consumers are expecting transparency from brands and services Supply chains demands inherent security, transparency and authenticity Marketing strategies and supply chain process help their brands justify the cost of sourced goods Copyright 2017 UST Global Inc Global supply chain reforms Role of Blockchain I OCTOBER 3

4 For any manufacturer/retailer, there are certain challenges in managing supply chains: Counterfeit Products Stolen Merchandise Fraudulent transactions Insurance Protection IP Rights Management Warehouse Management 2.5% of all global imports are counterfeit products (1) 17% of the companies across the globe have experienced some sort of fraudulent activity (2) $30 billion worth cargo is lost from various sections of supply chain per year (3) $60 billion losses due to insurance frauds in US and Europe alone (4) US economy loses $58 billion per annum due to copyright infringements (5) (1) OECD/ EU s Intellectual Property Office (2) Global fraud report by Kroll (2016) (3) Federal Bureau of Investigation ( ) (4) Industry week blog (Jan 2017) (5) Intellectual Property Theft: An Economic Antagonist, September 7, 2011 Block chain solutions like smart contracts, distributed ledgers and cryptographic records can be effectively engaged in supply chain processes. Trustworthiness of products Tracking the origin and moment of products Eliminate fradulent transactions Product transparency Tracing stolen merchandize Counterfeit prevention Copyright 2017 UST Global Inc Global supply chain reforms Role of Blockchain I OCTOBER

5 The UST Global Solution At UST Global, we focused on building a blockchain enabled service line and introduced EasyBC tool to the world. EasyBC is a suite of tools designed by UST, that facilitates the adoption and use of blockchain technology for our customers, avoiding complexities. With EasyBC on board, coding, deployment and interaction with Smart Contracts can be done in a simplified manner via automation on a web based interface. EasyBC paved the way for UST s first blockchain enabled asset tracking tool Smart Tracker. Using Smart Tracker, we can effectively track a product during its entire lifecycle, thereby eliminating fraudulent activities. With Big data analytics incorporated into this solution, it is possible to perform exhaustive tracking and data analysis. Copyright 2017 UST Global Inc Global supply chain reforms Role of Blockchain I OCTOBER

6 ABOUT UST GLOBAL UST Global is a fast-growing digital technology company that provides advanced computing and digital services to large private and public enterprises around the world. Driven by a larger purpose of Transforming Lives and the philosophy of fewer Clients, more Attention, we bring in the entrepreneurial spirit that seeks the fastest path to value in today s digital economy. Our innovative technology services and pioneering social programs make us stand apart. UST Global is headquartered in Aliso Viejo, California and operates in 21 countries. Our clients include Fortune 500 companies in Banking and Financial Services, Healthcare, Insurance, Retail, High Technology, Manufacturing, Shipping, and Telecom. UST Global believes in building long-lasting, strategic business relationships through agile and client-centric global engagement models that combine local experts and resources with cost, scale, and quality advantages of global operations. For more information, please visit: USTGlobal Corporate Office: UST Global 5 Polaris Way, Second Floor, Aliso Viejo, CA Tel: (949) Fax: (949) For further information contact: info@ust-global.com /USTGlobal /USTGlobal /ustglobalweb /company/ust-global