Executive Briefings

Digital Shift Will Connect Supply Chain to Internet of Things

Today's supply chains form the arteries and veins that keep global trade alive, connecting a largely borderless, always-on world economy. New innovations offer disruptive possibilities for the future of global trade. It's easy to hypothesize that Star Trek-style teleportation, drones, 3-D printing, and space logistics, will change trading. But the biggest shift to the supply chain will see it digitally connected and becoming part of the Internet of Things.

Certain pieces of the supply chain are already connected so packages can be tracked and monitored. But in the future even more tiny embedded sensors will enable more pervasive tagging.

Complete connection will see near-molecular precision for managing global trade, offering new opportunities for logistical efficiency and control.

An ever growing amount of information will be emitted as more of the supply chain is connected. This continuous flow of real-time data feeding artificial intelligence will bring an utmost level of efficiency and refinement. Adding AI into logistics unshackles manufacturers, suppliers and buyers to fine-tune their inventory to actual demand. And when enough data on buying patterns has been gathered, AI can predict and manage at a granular level – reducing costly human errors and delays.

We’ll see the true transformative potential of data nourishing AI as we enter the next phase of the Internet of Things. Everyday objects – from refrigerators to toasters to cars – are set to be equipped with sensors that help manage how they operate and improving our lives. Connecting objects will have spectacular effects on supply chains and global trade.

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Certain pieces of the supply chain are already connected so packages can be tracked and monitored. But in the future even more tiny embedded sensors will enable more pervasive tagging.

Complete connection will see near-molecular precision for managing global trade, offering new opportunities for logistical efficiency and control.

An ever growing amount of information will be emitted as more of the supply chain is connected. This continuous flow of real-time data feeding artificial intelligence will bring an utmost level of efficiency and refinement. Adding AI into logistics unshackles manufacturers, suppliers and buyers to fine-tune their inventory to actual demand. And when enough data on buying patterns has been gathered, AI can predict and manage at a granular level – reducing costly human errors and delays.

We’ll see the true transformative potential of data nourishing AI as we enter the next phase of the Internet of Things. Everyday objects – from refrigerators to toasters to cars – are set to be equipped with sensors that help manage how they operate and improving our lives. Connecting objects will have spectacular effects on supply chains and global trade.

Read Full Article