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In order to not lag behind, businesses will need to keep their eyes peeled for the recent supply chain technological trends.
The Internet of Things (IoT) refers to the billions of devices connected to the Internet, which allows for the availing and sharing of data. By implementing IoT devices, companies can improve supply chain visibility in all levels of supply chain management, from production and inventory management to predictive maintenance. As a result, businesses can expect to optimise their assets and returns of investment (ROI).