How Artificial Intelligence Is Bringing The Supply Chain To New Frontiers

Artificial intelligence (AI) has the power to transform the way business is done and could contribute up to $15.7 trillion to the global economy by 2030, according to PwC. Among the industries to benefit most from AI adoption, supply chain management is in the top three, per a recent McKinsey global survey, and 76% of the survey respondents at supply chain companies have already reported moderate to significant value from deploying AI. When implemented and used correctly, artificial intelligence can enable exceptional agility and precision in supply chains, regardless of the industry. It can also ignite a transformational increase in efficiencies and decrease in costs where repetitive manual tasks can be automated. There are many applications of artificial intelligence in the supply chain, including AI-enabled robots like inventory-taking drones or automated-guided vehicles such as driverless warehouse carts.