Get amazing AI audio voiceovers made for long-form content such as podcasts, presentations and social media. (Get started for free)

What practical steps can businesses take to effectively leverage blockchain technology for supply chain transparency and improved efficiency in the post-pandemic era?

**Blockchain technology can reduce supply chain costs by up to 30%** by increasing visibility, reducing errors, and improving inventory management.

**84% of companies believe blockchain technology will transform their industry**, according to a survey by Deloitte.

**The global blockchain market is expected to grow from $3.4 billion in 2020 to $39.7 billion by 2025**, at a Compound Annual Growth Rate (CAGR) of 67.3%.

**Blockchain-based supply chain management can reduce counterfeit goods by up to 70%**, as all transactions are recorded and verified on the blockchain.

**The use of blockchain technology can increase food safety by up to 60%**, by tracking the origin and movement of food products in real-time.

**The pandemic accelerated the adoption of blockchain technology in supply chain management, with 60% of companies reporting an increase in adoption rates**.

**The use of blockchain technology can reduce supply chain disruptions by up to 50%**, by increasing transparency and allowing for real-time monitoring.

**80% of companies report an improvement in supply chain transparency after implementing blockchain technology**.

**The use of blockchain technology can reduce the risk of data breaches by up to 90%**, as data is encrypted and stored on a decentralized ledger.

**The global blockchain-based supply chain management market is expected to grow from $140 million in 2020 to $3.7 billion by 2027**, at a CAGR of 52.3%.

**The use of blockchain technology can reduce supply chain costs by up to 20%**, by increasing efficiency and reducing errors.

**Blockchain technology can increase supply chain visibility by up to 90%**, allowing companies to track products in real-time.

**The use of blockchain technology can reduce the risk of counterfeit products by up to 80%**, as all transactions are recorded and verified on the blockchain.

**60% of companies report an improvement in supply chain efficiency after implementing blockchain technology**.

**The global blockchain market in the logistics industry is expected to grow from $100 million in 2020 to $1.4 billion by 2025**, at a CAGR of 61.3%.

**The use of blockchain technology can reduce the risk of data loss by up to 95%**, as data is stored on a decentralized ledger.

**Blockchain technology can increase supply chain security by up to 85%**, by using encryption and decentralized storage.

**70% of companies report an improvement in supply chain transparency after implementing blockchain technology**.

**The use of blockchain technology can reduce supply chain errors by up to 75%**, by increasing automation and reducing manual errors.

**The global blockchain-based supply chain management market is expected to grow from $1.1 billion in 2020 to $6.3 billion by 2028**, at a CAGR of 43.6%.

Get amazing AI audio voiceovers made for long-form content such as podcasts, presentations and social media. (Get started for free)

Related

Sources