Supply chain companies are racing to integrate machine learning into their platforms, reports Supply and Demand Executive. 

Supply chain companies are adopting machine learning at such a pace, it won’t be long before the process is commonplace. Across the industry, companies are using machine learning to integrate systems, forecast demand, provide real-time visibility on shipments and improve efficiencies in last-mile deliveries, among a host of other uses.

According to Supply and Demand Executive, improvements in technology are the only way that regional carriers will remain competitive in today’s market. 

Evolution has always been part of human growth, including that of business. However, the popularity of online shopping has soared and recent statistics show that 51% of buyers in the United States not only prefer to shop online, but 80% have made a purchase online in the past month alone. 

IBM and Moderna are set to collaborate on improvements to the vaccine supply chain, reports PR Newswire. 

Today, Moderna (Nasdaq: MRNA) and IBM (NYSE: IBM) announced their intentions to explore technologies, including artificial intelligence, blockchain and hybrid cloud, that could help support smarter COVID-19 vaccine management. Central to the effort will be a pilot of open, standardized, technology-enabled vaccine distribution approaches aimed to improve supply chain visibility and foster near real-time tracking of vaccine administration.