Digitalization is revolutionizing the supply chain, transforming industrial procurement processes through the integration of technologies such as IoT, Big Data, artificial intelligence and blockchain.
The rise of IoT, artificial intelligence (AI) and machine learning (ML) has significantly boosted efficiency, accessibility, and cost-effectiveness in the supply chain.
"Data has become the backbone of modern supply chains," said industry expert Nikita Kirane, a senior analyst in the US. "By using digital tools, companies can integrate data from multiple sources ...
The fragility of supply chains has been evident as companies have ... Companies can start by creating an integrated and centralized data storage system with both quantitative and qualitative ...
The FLOW initiative reached several critical milestones in 2024, when it started sharing data on inland freight hubs in March, and then added West Coast ports in Oakland, Seattle and Tacoma to its ...