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AI-powered supply chain management platform 7bridges nabs $17M

#artificialintelligence

Did you miss a session from the Future of Work Summit? Businesses tasked with managing supply chains face increasing challenges as the pandemic takes a toll on operations. Because modern supply chains involve many steps, including assembling parts into finished products and shipping products to customers, there's more opportunities for issues to arise. Forty-two percent of supply management organizations say that the growing cost of supply management was a major concern in 2021, according to the Institute for Supply Management, with 43% pegging limited availability of raw materials or supply as equally troubling. The hurdles, both old and new, are spurring enterprises to invest in technologies that promise to automate and streamline supply chain management processes.