Commentary: How AI and machine learning improve supply chain visibility, shipping insurance - FreightWaves

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. In this installment of the AI in Supply Chain series (#AIinSupplyChain), we explore how artificial intelligence is being used to help beneficial cargo owners gain greater visibility into their supply chains in order to make it possible for their insurers to more accurately underwrite insurance policies. This article is most directly related to Commentary: Key supply chain innovation issues to consider in a world with VUCA and Commentary: Exogenous variables dominate a world with VUCA. According to IBM, "Supply chain visibility is the ability of stakeholders throughout the supply chain to access real-time data related to the order process, inventory, delivery and potential supply chain disruptions." Sometimes this definition is extended to include access to knowledge about the state of goods in transit.