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Startups apply artificial intelligence to supply chain disruptions

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LONDON, May 3 (Reuters) - Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc, Fero Labs, KlearNow Corp and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.


Startups apply artificial intelligence to supply chain disruptions

The Japan Times

LONDON – Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multibillion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc., Fero Labs, KlearNow Corp. and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.


In the unpredictable supply chain arena, artificial intelligence gains footing - Furniture Today

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Many are looking to leverage technology to help navigate future interruptions, with artificial intelligence leading the charge. Everstream Analytics, a startup that helps logistics companies avoid risk by using AI, recently secured $24 million in funding from Morgan Stanley. The increased funding comes on the heels of an already successful year, with the company increasing its customer base 550% over the past five months. Its customers include Google, Schneider Electric and Unilever. "The past two years have shone a light on the criticality of supply chain resilience," said Everstream CEO Juile Gerdeman.


Global supply lines brace for 'menacing' economic storm to widen

The Japan Times

Global supply strains that started to ease in early 2022 are worsening again as headwinds strengthen from the war in Ukraine and China's COVID-19 lockdowns, threatening slower growth and faster inflation across the global economy. After the pandemic hit Asia-U.S. trade routes the hardest over the past two years, the latest turmoil is being acutely felt in Germany, which is heavily reliant on Russian energy and suppliers across Eastern Europe. Business expectations in the region's biggest economy during March posted the steepest one-month drop on record, factories across the continent face diesel and parts shortages, and delays moving cargo through key North Sea gateways such as Bremerhaven are lengthening. "We thought Russia was just a resources story that was going to push energy prices up -- that it would make supply chains more expensive but it wouldn't disrupt them," said Vincent Stamer, a trade economist with Germany's Kiel Institute for the World Economy. "It appears a little more threatening than we initially anticipated."


78 AI Companies Around The World That Are Unicorns Today

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AI is at the heart of digital disruption and on its way to becoming one of the biggest game-changers in the next few years. Early adopters of AI are reaping significant benefits and have differentiated themselves from the rest. As a result, the AI sector is garnering the attention of numerous investors globally, increasing the number of AI unicorns in just a few years. In India itself, as many as 11 startups earned unicorn tags during the black swan year 2020. This article lists all the AI companies that have reached a valuation of $1 billion or more. A technology platform company, Argo AI, is creating integrated self-driving systems. These are manufactured at scale for safe and reliable deployment in ride-sharing and goods delivery services. Along with Ford and Lyft, Argo AI is planning to launch a self-driving ride-hailing service in the US.