Using AI to Improve Business Performance
As business executives contend with heightened supply chain risks and inflationary pressures, artificial intelligence (AI) has emerged as a hot technology that can help to improve business performance.
As business executives contend with heightened supply chain risks and inflationary pressures, artificial intelligence (AI) has emerged as a hot technology that can help to improve business performance.
Download Lisa's mid-year special report, FutureScape: Crafting Tomorrow's Supply Chain Today.
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
According to UPS's CEO, UPS’ network flexibility gave it an edge over FedEx in landing a deal with the U.S. Postal Service. Instead of following a hub-and-spoke model to service the USPS, UPS can use its regional gateways to support the local and regional requirements of the USPS customers.
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
According to Polaris Market Research, the market size of artificial intelligence (AI) in manufacturing is predicted to grow more than 41% during the next decade. Although the latest Sikich Industry Pulse found that less than 20% manufacturers have started to implement AI [...]
Pay alone will not suffice. In our experience, the most important priority to retaining top talent is company culture and leadership.
Automation is coming, whether or not we get on board. Most executives do not want to be the guinea pig for new technology as they cannot afford disruption and risk.
Medtech companies’ focus on supply chain resiliency and mitigating supply chain risk has increased over the last few years as the pandemic triggered extended lead times, delays, and rising costs.
Lisa Anderson was interviewed by Douglas Squirrel of the Squirrel Squadron on LinkedIn Live about technology in manufacturing and the supply chain.