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Norman Broadbent Plc

Supply Chain & Logistics: Innovate or Die?

The Supply Chain and Logistics Sectors are undergoing a rapid and innovative transformation. Whether societal, environmental, or economical, the industry’s greatest challenges are being scrutinised by innovators who are developing new business models and concepts to address these challenges.

So, what are the most important, impactful innovations?

Internet of Things, Big Data, and AI

The Internet of Things includes the use of sensors, technology and networking to allow buildings, infrastructures, devices and additional ‘things’ to share supply chain information without requiring human interaction. It creates better data intelligence for all parties in a supply network.

The potential of Big Data can only be exploited by removing human involvement from the decision-making process – this is where Artificial Intelligence (AI) becomes critical.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.