Blockchain Technology in Bangladesh’s FMCG Sector: A Review

Abstract

The effectiveness of a company's supply chain is influenced by responsiveness, flexibility, quality, cost, and managerial support. However, businesses that run manually are unable to maintain an effective supply chain process due to fraud, subpar quality, longer lead times, a lack of flexibility, a lack of response, monitoring problems, and a lack of coordination among members. These difficulties can be solved using blockchain, which will improve consumer views. Bangladesh has a huge market for fast-moving consumer products, and that market is expanding quickly. By delivering real-time data, reducing operational expenses, addressing the tracking issue, assuring secure transactions, enhancing communication, and increasing flexibility, the adoption of blockchain can change how these businesses work in their supply chains. Despite the enormous interest, there is currently very little research on blockchain adoption in the context of emerging economy countries. That’s why the current study highlights blockchain adoption in Bangladesh’s FMCG context.

Keywords: Supply chain performance, blockchain technology, FMCG sector, Bangladesh.

DOI: 10.7176/EJBM/15-14-02

Publication date:July 31^st 2023