In the past decade, Artificial Intelligence (AI) has come out as something that people use almost every day without even realizing it. Apart from powering a huge number of applications and other digital devices, this technology stands to benefit all industries including supply chain. In fact, many companies have already started benefiting from investing in AI. A report by State of Artificial Intelligence for Enterprises shows that supply chain is one of those areas which will significantly benefit from AI. On the other hand, PwC states that AI could inject up to $15.7 trillion to the global economy by 2030.
If you’re anything like me, you’ll plan on beginning your holiday shopping early - but somehow always end up ordering last minute gifts on Amazon days before Christmas. While there are benefits to finishing up your shopping early – bigger inventory and less crowds being two of them – many people will wait until Black Friday to begin their shopping. A new theory from NBC Boston suggest that it may be beneficial to start your shopping early this year. And it may not be for the reason you think.
Technology has had a significant impact on the way supply chains operate and function. From small businesses to large enterprises, the use of technology has proven to be a vital tool in improving supply chain efficiency and effectiveness. This article will explore the role of technology in five key areas of the supply chain.
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