Building a predictive view of your supply chain is the difference between success and failure for businesses in retail and manufacturing. In 2024 alone, supply chain disruptions cost businesses $1.6 trillion in missed revenue [Forbes, 2024]. Given that Gen AI can predict failure and forecast demand, it’s becoming an imperative cost-saving measure.
However, 76% of organisations lack a predictive view of supply and demand due to complex and inflexible supply chain tools [Forbes, 2024]. The 24% that do, are rolling with rapid change and adapting operations at scale without breaking stride. So, what steps must be taken to obtain this full-spectrum visibility?
Gen AI, in short, can be a game-changer for supply chains. So, how can your organisation strategically integrate Gen AI to transform your supply chain operations, ensuring you stay resilient and competitive in a rapidly changing market?
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