Companies seek AI solutions to supply chain fragility

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Financial Times 1d ago

Companies seek AI solutions to supply chain fragility - Financial Times

Quick Summary:

GPS trackers and RFID tags have been around for decades, and big logistics companies typically use Transport Management System (TMS) software to track shipments, but these older technologies have their limitations.

This information can be used to reduce lead times (and thus the likelihood of penalties), optimise inventory, reduce waste and predict customer demand.“Anyone can capture data, only a few of us can actually make sense of that data, clean it, make it high quality, so that actionable predictions come out,” says Anand Medepalli, chief product officer at Paris-based software provider Shippeo.

Supply chain visibility is a growing priority for chief executives dealing with increasingly complex and brittle logistics networks.