Logistics: The Supply Chain Crisis — Can Blockchain Fix it?
Increasing complexity and pandemics aside, there are huge challenges that most supply chains need to overcome. Most importantly, there are pirates everywhere. This is especially true when shipping premium products into countries like China. Take for example, wine. As the genuine Italian, French or Spanish vino hits Chinese shores, they can be snatched at one of the logistics transfer points. The containers are refilled with bottles of a cheap substitute that looks like the real deal. Studies have shown that a lot of these counterfeit wines don’t even have a single grape in them! They can be concoctions of artificial colorings, sugar and flavorings along with seriously worrying chemicals. The real bottles get sold on the black market.