How AI Can Revolutionize Our Broken Supply Chain


Opinions expressed by Entrepreneur contributors are their own.

The Covid-19 pandemic sent shockwaves through the global supply chain, exposing vulnerabilities and inefficiencies that were previously hidden. From inventory mismanagement to port backlogs, the pandemic magnified a myriad of issues that challenged even the most robust supply chains. As businesses search for innovative solutions to address these problems, Artificial Intelligence (AI) stands out as a powerful ally. We explore how AI-driven predictive analytics can support and enhance experienced human decision-making in the face of evolving global supply chain dynamics.

The power of AI in tackling supply chain challenges

The pandemic brought to light several key challenges that businesses must address to ensure smooth operations in their supply chains. By leveraging AI, organizations can gain insights into crucial aspects such as inventory management, container allocation, demand fluctuations, freight pricing and port operations. Let’s examine how AI can help tackle some of these challenges.



Source link: https://www.entrepreneur.com/science-technology/how-ai-can-revolutionize-our-broken-supply-chain/450789

Sponsors

spot_img

Latest

Venus Williams’ US Open participation revealed after Cleveland withdrawal

Venus Williams' US Open participation revealed after Cleveland withdrawal © Getty Images Sport - Jamie Squire Venus Williams has arrived in New York...

Pacers’ Kendall Brown out for season following leg surgery

Brown will miss the remainder of the season after undergoing a successful surgical procedure to address a right tibia stress fracture. Source link: https://sports.yahoo.com/milwaukee-bucks-chicago-bulls-odds-151329889.html?src=rss...

Announcing the winners of VentureBeat’s 5th Annual AI Innovation Awards

Head over to our on-demand library to view sessions from VB Transform 2023. Register Here Capping two days of hearing from enterprise AI and...

Rahm and Scheffler for best player of the year

Rahm and Scheffler for best player of the year © Cliff Hawkins / Getty Images Sport The 2023 course has already concluded on the...

Facebook now has 2 billion users

Almost 20 years in, Facebook is still growing. The social network now has 2 billion daily active users, Meta reported alongside its fourth-quarter...