Digital technology management for sustainable development of emerging economies

Abstract

In the changing world order, emerging countries have gone through a lot of challenges, with a direct impact on the economies, especially on a significant number of small and large-scale businesses. COVID-19 pandemic introduced a huge disruption in the supply chain, which largely contributed to consumer panic buying, inflation, profiteering activities, disruptions leading to economy drop, insufficient income and resultant hunger. Advantages of technological innovations have never been more relevant to attain efficiency, employ more local companies, and develop a more accurate business model, which can help industry stakeholders determine blockers in their business processes. In this paper, the impact of technological innovations on the global sustainable development goal 2, hunger eradication has been specifically analysed. Key common challenges regarding supply chain and lack of strong policies are delved into in order to assess the struggles in capitalizing the industrialization and technology, the relationship between the producers and the market that can be improved, as well as the process of modernizing the distribution cycle. When stakeholder relationships, industrialization, and supply chain management are evolved, this can be considered as the starting points that can contribute significantly towards achieving zero hunger societies across the world.