The world of logistics is dynamically evolving, of which one of the major changes in the industry is the rise in artificial intelligence (AI), which certainly has a major influence across the entire supply chain. However, it draws a question for small, medium and large logistic players as to how these changes will impact the human workforce in the near future. As digitization and technology has already hit supply chains, the emergence of AI should work alongside to completely remove the need for humans in the supply chain. This will improve safety, efficiency, and give complete transparency between supply chain partners, allowing inventory to be far more precisely handled to cut cost. Additionally, it will also pave the way to new profit streams from capital equipment, and improve environmental performance of the current infrastructure.
Furthermore, AI presents opportunities for collaborative competition, where advanced networks and tools are into the play for better collaboration between logistics companies. Although AI is considered a threat to jobs because of its inherent support for automation, it also provides tools for companies that see their current and the future working with human-based systems.
With machine learning algorithms, the use of AI is already changing the world and is taking control of the routine life which most of us don’t realize it yet. It is expected that the rapid growth of AI in the next few years will fully revolutionize both the nature of employment and the face of business and also strategies that are to be put in place to ensure the technology is deployed to its full potential. Supply chain is one of the areas where AI can unleash itself with end-to-end automation.
