Supply Chain World Volume 11, Issue 5 October 2024 | Page 11

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Interview a multi-pronged strategy that suits their individual requirements . It ’ s also important to remember that these investments don ’ t necessarily result in immediate cost reductions , so the key lies in finding the right balance of building resilience without building in too much cost .”
Constant evolution
From our conversation , it ’ s clear that Patrick has successfully navigated the supply chain and procurement industry ’ s myriad changes and developments over the course of his career . At the helm of Efficio ’ s North American operations , Patrick will continue to drive growth within the region through collaboration and strategic partnerships .
As we come to an end , Patrick shares his thoughts about the industry ’ s future : “ The field of technology is constantly evolving as companies identify the best applications for leveraging AI to drive efficiency in their supply chains . One of the most impactful applications of AI is managing large data sets to enable better data analysis and assist with decision making , as well as improving the accuracy of
demand forecasting . Aside from AI , there are also some significant improvements being leveraged by adopting physical automation in manufacturing operations .
“ AI tools are certainly going to play a key part in the future of supply chain optimization and will accelerate the effectiveness of several processes like decision making . We ’ ll see a continuation of current trends as the supply chain sector continues to evolve , but many of the questions around the future are uncertain , depending on the status of the global geopolitical environment .
“ I ’ m generally excited and optimistic about the future though , especially now that supply chain and procurement are prominent topics not only in the public eye , but more importantly in the eyes of CEOs ,” Patrick concludes . “ There ’ s more interest in these fields , and I ’ m excited to see new innovations , increased resources , and continued investment as fresh talent emerges around the globe .” ■
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