Barcelona, September 14, 2020.- During the last weeks, numerous smartphone manufacturers have been presenting their latest devices. Many of them already benefit from Artificial Intelligence (AI) to offer effective and simple technological solutions for anyone. Artificial Intelligence will find its ideal place in those tasks that human beings are not 100% efficient. And its application to logistics will be one of the keys in the coming months, Post Covid19, as highlighted in the following analysis by Manufacturing and Logistics IT:
More than four out of ten (43%) of senior decision-makers at mid-market discrete manufacturers identified artificial intelligence (AI) among technologies likely to have the greatest impact on supply chains over the next three years, putting it well ahead of other innovations like the Internet of Things (31%) and blockchain (24%). This is according to a recent independent study commissioned by advanced technology solutions and services provider, Delaware.
Nearly half (47%) of the research sample named ‘to reduce costs’ as a top reason for innovating or making changes to their organisation, while 42% cited ‘to drive operational efficiencies and productivity’. Yet, many manufacturers remain ‘behind the curve’. 75% are not using AI in their supply chain today, while 74% are not taking advantage of machine learning. That is something that will need to be addressed as these businesses focus on how they can best use technologies to drive the recovery from COVID-19.
The technologies most widely used by manufacturers were Internet of Things (35%) and robotics-based automation (29%) but levels of usage of innovative technologies overall were low across the board. More than half (55%) of the research sample still manage their assets in a primarily or fully manual way, with only 9% operating with a fully automated approach.
“Given the impact of COVID-19 on their operations and their supply chains, in particular, it is key that manufacturers use new technologies proactively to fuel their fightback from the pandemic, and enable them to move positively into the future,” said Richard Seel, Managing Director (UK & US) at delaware. “As the recovery gathers pace, manufacturers will urgently need to look at how they can best make use of AI and machine learning to deliver operational efficiencies, optimise processes and achieve competitive edge.”
The study found, over a quarter (27%) of discrete manufacturers still use ‘old school’ methods like ‘conducting surveys into consumer buying behaviour’ or ‘collecting patterns on buying patterns by analysts or industry experts’ to forecast demand when sourcing raw materials at the beginning of their supply chain.
“It is also concerning that 77% of manufacturers we surveyed revealed that the data they derived from across their supply chain was not ‘completely accurate,’” added Seel. “Data accuracy will be key in delivering supply chain efficiency through the recovery. Also, given the disruption caused by the pandemic, supply chain visibility will be increasingly key to manufacturers to understand the risks they face to continuity of supply and how best to alleviate them through improved forecasting.”
- ChatGPT and Logistics
Barcelona, February 8, 2023.- Artificial intelligence, machine learning, ChatGPT, AI to generate content, AI for Internet search engines…In recent months there has been a lot of talk about these technologies…But can these developments benefit the logistics industry? Every computer expert has an answer. Today we mention a positive thesis about ChatGPT: - Five key IoT trends for the logistics sector
Barcelona, February 6, 2023.- RCR Wireless News magazine has published a diagnosis on the application of IoT (Internet of Things) technology in the logistics sector. The conclusions: - “Blockchain can help the freight and transportation industry by redesigning delivery processes”
Barcelona, February 1, 2023.- India is the most populous country in the world with 1,417 million inhabitants. It has recently surpassed China. For this reason, logistics analyzes coming from India can be useful in other geographical areas: - How could supply chain directors – and their supplying partners – get back their grip on operations?Barcelona, January 30, 2023.-
- Maersk and MSC will discontinue their 2M alliance in 2025
Barcelona, January 25, 2023.- Maersk and MSC will discontinue their 2M alliance in 2025 as the two companies pursue different strategies. The 2M alliance allowed the two carriers to share cargo capacity in the Asia-Europe, Transatlantic and Transpacific trade lanes as part of a container shipping line vessel sharing agreement.There will be no immediate impact… Continue reading Maersk and MSC will discontinue their 2M alliance in 2025 - “We expect supply chain disruptions and price increases to reemerge in 2023”Barcelona, 23 de enero del 2023.-
- 6 ways AI is transforming warehouse operations
Barcelona, January 18, 2023.– Warehouse and Logistics News magazine has published the keys for warehouses to take advantage of artificial intelligence: - “Surface transportation and logistics companies reap significant rewards from technology investments”
Barcelona, January 16, 2023.- This statement is published by Supply Chain 247 magazine in the following analysis of technology and logistics: - Supply Chain Issues Impacting 2023 and BeyondBarcelona, January 4, 2023.-
- How Will Quantum Computing Affect Logistics?
Barcelona, December 21, 2022.- According to the magazine “More than Shipping”, the ability of quantum computers to solve complex problems will help logistics companies make more competitive and cost-effective decisions that will reduce costs and increase efficiency. - Ecommerce: “The industry was unprepared for this rapid shift to B2C”
Barcelona, December 14, 2022.- Inbound Logistics magazine has published an analysis of the logistical consequences of the ecommerce boom. Reflections for the present and the future: - “Blockchain is a valuable asset for providing shipping information”
Barcelona, December 7, 2022.- Business Blockchain HQ has published an extensive analysis on Blockchain technology in supply chains: - How soon will we see driverless trucks on the road?Barcelona, November 23, 2022.- Join David Liu, CEO and Co-Founder of Plus, for a discussion on where we are in the deployment of autonomous trucks generally, why Plus chose its evolutionary path to get to driverless trucks, the company’s commercialization updates, and what the future will look like with these trucks on the road.
- Will Blockchain allow the best logistics management?
Barcelona, November 16, 2022.- This question has been answered by Entrepreneur magazine with the following arguments: - “Market volatility, tightening labor, inflation, weather events, and supply shortages have a cascading effect on the global movement of goods”
Barcelona, October 18, 2022.- The magazine Supply Chain Quarterly has published an interesting diagnosis on the application of AI in the supply chain: - Retailers, logistics firms and other companies are turning to artificial intelligence, robotic process automation and robots to make supply chains more efficientBarcelona, September 20, 2022.- Artificial intelligence is definitely going to be one of the most efficient technologies for transport and logistics companies. This is what BiztechMagazine says in this report:
- 57% of the companies across the world believe that supply chain automation can provide a competitive edge as applications of AI can resolve problems…
Barcelona, September 13, 2022.- The company SoulPage has published a report on the functionalities of Artificial Intelligence in companies that are experts in the supply chain. These are the conclusions: - Artificial intelligence and reverse logistics
Barcelona, September 6, 2022.- bbntimes has published an interesting analysis on the application of artificial intelligence to reverse logistics. Their conclusions are the following: - How to effectively apply AI to supply chain processes to yield transformative results…
Barcelona, August 30, 2022.– Artificial Intelligence solutions are beginning to become popular. The supply chain is keeping an eye on this innovation, as this analysis published in the Deccan Herald News explains: - “Visibility is not just a convenient systems upgrade, it’s part of a greater movement to adopt a more unified perspective of the supply chain”
Barcelona, August 9, 2022.- Suppychain247 magazine has published an analysis of the visibility situation today in the supply chain with these keys: - Edge and 5G have become leading areas for investment across industries
Barcelona, August 2, 2022.- As reported by RTInsights magazine, 5G and edge initiatives are typically part of broader enterprise-wide digital transformation efforts. - Warehouse robotization success story
Barcelona, July 26, 2022.- According to the technology magazine Wired, there are warehouse robots that interpret human language. Without a doubt, a success story with these characteristics:
Supply Chain Technological Trends 