Welcome to our second Operations management podcast! Today, Jay Heizer and Barry Render delve into the topic of blockchain, which is a topic in Chapter 11, Supply Chain Management. We will talk about its cryptocurrency origins and the work of Gerber, Nestle, Unilever, Walmart, and IBM to create a blockchain system called Food Trust. We also discuss blockchain’s shortcomings and how both shipping giant Maersk and retail giant Walmart have had to cut back on their original goals dramatically.
Instructors, assignable auto-graded exercises using this podcast are available in MyLab OM. Contact your Pearson rep to learn more! https://www.pearson.com/us/contact-us/find-your-rep.html
See you every two weeks in our new podcast series. Next up, on April 24th, is a discussion about the formidable task of managing large projects, which ties into Chapter 3 of our OM text.
In late November 2022, Maersk announced that it is phasing out TradeLens, its
blockchain-enabled shipping solution, developed with IBM.
https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens
Thank you,
Prof. Weiss. Yes, blockchain has really struggled. It started with great hopes, but has a very long way to go.