Supply Chain World Volume 11, Issue 4 August 2024 | Page 23

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Data-driven

VISIBILITY

The rise of technology poses the question , can AI rescue global supply chains ?

The last few years have put immense strain on global supply chains , whether due to port congestion , extreme weather events , manufacturing delays after the pandemic , the war in Ukraine , and more recently , conflict in the Middle East . The outcome has been shortages of goods across multiple sectors and skyrocketing costs .

In an attempt to regain control , companies are increasingly turning to advanced technologies like artificial intelligence ( AI ) and machine learning ( ML ) to extract visibility across their supply chain operations , improve forecasting , and implement measures that will help them become more efficient . While the challenges remain daunting , these cutting-edge solutions may hold the key to streamlining decision-making amidst the complexity and dizzying array of variables .
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