Supply Chains are complex with various moving parts, and its different functions often focus on their own Key Performance Indicators (KPIs), leading to a disjointed approach that only achieves incremental improvements. While it’s important to keep the supply chain well-oiled and synchronized, organizations often miss out on disruptive opportunities that can generate exponential benefits or create new markets.
Today, we stand at the cusp of a major technology revolution with self-supervised learning, immersive technologies, and web 3.0 taking center stage. These are radical changes, particularly for the supply chain, which is heavily impacted by technology debt. However, a radical technology change doesn’t necessarily equate to a 10X benefit, as evidenced by the massive failure of initial RFID implementation in the retail industry. Generative AI has exhibited significant potential across various domains, owing to its capacity to grasp textual content and extract invaluable information. This quality renders it an indispensable asset for managing extensive data sets. Its prowess is particularly evident in unearthing insightful perspectives, which in turn facilitates the establishment of a robust and resilient supply chain.
Organizations with an innovative mindset cannot afford to miss this opportunity to create a best-in-class supply chain by leveraging technological innovations. So, are you ready to seize the moment?
