Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 12 , 13 September 2023
Open
Access | Article
The Impact of the Internet of Things on Supply Chains
* Author to whom correspondence should be addressed.
Abstract
Under the influence of COVID-19, the offline trading channel is gradually shrinking. However, with the help of the Internet of Things, the economy has not declined significantly and a variety of online trading platforms have come into view. This paper talks about different types of the Internet of Things, such as E-commerce platforms, P2P model, and network transportation. They have all contributed to people's lives and to the development of society. The passage compares the traditional supply chain model with the current stage of supply chain model in relation to its advantages and disadvantages, focusing on some of the new models and businesses that have been extended by the Internet of Things. Many companies have taken advantage of this business opportunity to optimise many of the traditional methods, making their labour time and labour costs much lower and realising greater business benefits. The IoT and the supply chain are progressing together, with the two reinforcing and influencing each other. However, we still need to be aware of the privacy protection issues of the Internet of Things. Further strengthening of the management of security systems.
Keywords
supply chain, internet, internet of things, COVID-19, economic
References
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Data Availability
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-67-6
- ISBN (Online)
- 978-1-915371-68-3
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/12/20230603
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited