How technology is boosting supply chain dynamics?
For decades, India’s logistics industry has been extremely fragmented due to low entry barriers and its large size. But the advent of new-age logistics firms deploying the latest technology has disrupted the country’s complete supply chain universe, which is now experiencing a transformation. In achieving this result, the Internet of Things, artificial intelligence, machine learning, blockchain and other tech tools all have a role to play in modern supply chain management. Machine Learning and Data Analytics Whereas lack of adequate data was a problem in the pre-digital age, today massive mounds of data are generated virtually every day by modern supply chains. It also predicts that by 2023, more than 60% of manufacturers globally would invest in AI-powered robotic process automation, leading to higher productivity while bridging the supply chain skills’ talent gap.
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