Blockchain Supply Chain Market 2021 Trends And Opportunity. Latest Research Report Covering Major Players – IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and AWS Inc., among others

The “Blockchain Supply Chain Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Blockchain Supply Chain Market is expected to grow at a CAGR of 81.7% over the forecast period 2020 to 2025.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Blockchain Supply Chain market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Blockchain Supply Chain Market: IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and AWS Inc., among others.

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Industry News and Developments:

- June 2020 - Oracle and HACERA Team Up On Multi-Cloud Blockchain-Based MiPasa Data Platform to Strengthen COVID-19 Response. MiPasa is a blockchain-based, distributed data platform launched by HACERA, which simplifies and streamlines the process of sharing and using data from multiple providers, making it accessible to researchers, software developers, and decision-makers worldwide.

- July 2019 - A consortium of Australia-based financial services companies teamed up with IBM and shopping center operator Scentre Group to launch a pilot that puts retail lease bank guarantees on a private blockchain.

Key Market Trends

Retail & Consumer Goods to Dominate the Market

- The retail industry controlled the blockchain supply chain market share and is supposed to remain dominant due to a surge in adoption by retail players to streamline their supply chain processes. Moreover, blockchain assures quality, product safety, reliability, and authenticity, along with enabling supply chain partners to know about their product location. These determinants drive market growth for blockchain in the retail industry.

- Counterfeit sneakers make up about 40% of the estimated USD 600 billion global fake fashion industry. The traditional methods manufacturers have used to assure authenticities, such as seals and certificates, can themselves be counterfeited. But retailers are beginning to implement blockchain technology to solve the counterfeiting problem.

- An increase in demand for transparent transactions and smart contracts is the key factor driving the market growth for blockchain in the retail industry. Smart Contracts can help in automating payment process for online as well as offline transactions. It can save time and cost for companies by removing the merchant (middleman), who charges extra for authenticating the transaction.

- The retail industry, owing to the rise in adoption by retail players to streamline their supply chain processes, is anticipated to dominated the blockchain supply chain market. For instance, in a survey by Eyefortransport Ltd. (left), the most significant share of spending was directed towards understanding the technology with 38.2% of retailers, brands & manufacturers, and 55.3% of logistics service providers stating that they spent money on blockchain in the supply chain area.

- Several companies are already using blockchain in the retail and consumer goods industry. Walmart has used blockchain in many of its pilot projects, such as its food safety partnership with IBM. The move will see all leafy green vegetable suppliers for Sams and Walmart to upload their data to a corporate blockchain ledger by September 2019.

- Recently, Walmart employed blockchain technology to track seafood in Andhra Pradesh, India and is planning to intensify its global food traceability with this strategy. Amazon launched its blockchain solutions on Amazon Web Services (AWS), offering a fully-managed service that makes it easy to create and manage scalable blockchain networks in the retail using open-source frameworks.

- Besides, the International Labor Organization estimates that nearly 25 million people work in forced-labor conditions in and out of supply chains around the globe, with 47% in the Asia-Pacific region alone. To enforce labor rights along the supply chain, Coca-Cola, together with the U.S. Department of State, has opted to use blockchain technology to ensure that labor conditions along their product supply chain are ethical.

- However, the lack of skilled experts is anticipated to hinder the blockchain in retail market growth during the forecast period. Furthermore, accelerated changes in the retail industry due to technological advancements and global trade are anticipated to give the blockchain retail market essential growth opportunities in upcoming years.

For a comprehensive understanding of market dynamics, the global Blockchain Supply Chain market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Blockchain Supply Chain market report:

-Comprehensive assessment of all opportunities and risks in the Blockchain Supply Chain market.

–Blockchain Supply Chain market recent innovations and major events.

-Detailed study of business strategies for growth of the Blockchain Supply Chain market-leading players.

-Conclusive study about the growth plot of Blockchain Supply Chain market for forthcoming years.

-In-depth understanding of Blockchain Supply Chain market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Blockchain Supply Chain market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Blockchain Supply Chain Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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