Supply Chain Logistics

Definition ∞ Supply chain logistics involves the management of the flow of goods, information, and resources from origin to consumption. This encompasses all processes from sourcing raw materials to delivering finished products, including storage, transportation, and inventory management. The goal is to optimize efficiency, reduce costs, and ensure timely delivery across the entire network. Effective logistics are vital for global commerce and the operational success of businesses.
Context ∞ Blockchain technology is increasingly applied to supply chain logistics to enhance transparency, traceability, and accountability of goods. Distributed ledger systems can provide immutable records of product movements, ownership changes, and quality certifications, reducing fraud and improving trust. This application holds significant promise for industries requiring high levels of provenance verification, such as luxury goods, pharmaceuticals, and food. The adoption of these solutions aims to streamline operations and provide consumers with verifiable product information.