Artificial intelligence and machine learning are equipping global supply chains with the tools they need to address heightened risk in the era of COVID-19.
Output dropped 0.2% from April to May 2023 as a decline in pharmaceuticals outweighed more vehicle manufacturing, according to the Wiesbaden-based statistics office.
The use of data for demand sensing and shaping, already well-advanced in the B2C world, is now being adopted in B2B as well, says Sujit Singh, chief operating officer of Arkieva.
By reducing its costs, the organization believes it'll remain on track for its earnings guidance from this quarter, which will see 2023 sales decline by 2% to 5%.
The last mile of the supply chain has become a defining aspect of modern retail. Businesses can transform their supply chain operations by harnessing the power of AI.
The latest news, analysis, trends and solutions regarding forecasting and demand planning and its impact on supply chain management. New technologies in predictive analytics and forecasting and demand planning are transforming the way companies are operating and performing ahead of competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using forecasting and demand planning solutions for supply chain optimization.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.