Shoring up global supply chains with generative AI

Shoring up global supply chains with generative AI

The outbreak of covid-19 laid bare the vulnerabilities of global, interconnected supply chains. National lockdowns triggered months-long manufacturing shutdowns. Mass disruption across international trade routes sparked widespread supply shortages. Costs spiralled. And wild fluctuations in demand rendered tried-and-tested inventory planning and forecasting tools useless. “It was the black swan event that nobody had accounted for, and it threw tr…

Shoring Up Global Supply Chains With Generative AI - Data Intelligence

It is not the only catastrophic event to strike supply chains in the last five years either. For example, in 2021 a six-day blockage of the Suez Canal—a narrow waterway through which 30% of global container traffic passes—added further upheaval, impacting an estimated $9.6 billion in goods each day that it remained impassable. These shocks have been a sobering wake-up call. Now, 86% of CEOs cite resilience as a priority issue in their own supply…