Blockchain and third-party logistics for global supply chain operations: Stakeholders' perspectives and decision roadmap. (February 2023)

• Record Type: Journal Article
• Authors: Tiwari, Sunil; Sharma, Pankaj; Choi, Tsan-Ming; Lim, Andrew
• Is Part Of: Transportation research. Volume 170(2023)
• Publication Date: 2023-02
• Subjects: Blockchain -- Global Supply Chains -- Information Sharing -- Supply Chain Visibility -- 3PL -- Decision Roadmap; Logistics -- Periodicals; Transportation -- Periodicals; 388.011
• DOI: 10.1016/j.tre.2022.103012
• Languages: English
• ISSNs: 1366-5545

Abstract

Highlights: Identify challenges associated with 3PL and how blockchain (BCT) can be used for 3PL. Examine literature and conduct interviews to uncover the status of BCT adoption in 3PL. Propose a framework together with a decision roadmap for BCT implementation. Abstract: In global supply chains, third-party logistics (3PL) services have proven to be critically important in helping many supply chain agents with distribution tasks so that they can focus on their core competencies of product development and manufacturing. However, there are many inadequacies in current global supply chains that affect the functions of 3PL. These shortcomings have necessitated digital transformation in many businesses. This digitalization enhances information sharing and supply chain visibility, which improves supply chain performance; however, it may create challenges regarding cybersecurity and data quality. Blockchain technology (BCT), with features such as being highly secure and distributed, can help. In this paper, we examine the literature and identify challenges associated with 3PL and how BCT can be used for 3PL. Then, we conduct interviews with four innovation/project managers of well-established logistics companies to uncover the status of BCT adoption in 3PL and the challenges that are hampering the adoption of this technology. Finally, we propose a framework together with a decision roadmap for BCT implementation.