Why trust is key for AI adoption in consumer goods supply chain

Despite a promising future, adoption of artificial intelligence (AI) in consumer goods manufacturing and supply chain management has been much slower than in the technology, retailing and financial services sectors due to a lack of data for analytic tools to work on, according to a supply chain expert. "AI is about the collection and analysis of data and the application of insights gained. So far the most successful applications of AI are in facial and voice recognition, cartoon animation, medical diagnostics and automatic navigation," Hau Lee, chairman of the board of Fung Academy, said in an interview. The academy is a business unit under Fung Group focusing on staff training on technology adoption, as well as fostering innovation and new technology applications across the group's businesses. Lee is also a professor of operations, information and technology at the Stanford Graduate School of Business, and had co-founded several supply chain and price optimisation software firms in the United States.