This blog post aims to simplify the fundamental principles of supply chain simulation, making them accessible for everyone. It will explore the practical differences between simulation and optimization, addressing key questions: What is supply chain simulation and how does it work in simple
AI-Enabled Supply Chain Simulations for Risk Management
In today's complex global supply chains, it's crucial for goods and services to move smoothly. However, these supply chains are more complicated and interconnected than ever, making them susceptible to various risks, both from within and outside the organization. Traditional methods, which heavily
The Transformative Power of AI in Supply Chain Management
Artificial Intelligence (AI) in supply chain management builds on a rich history, dating back to the 1950s when the idea of AI started taking shape, and Alan Turing introduced the Turing Test, as a way to measure machine intelligence. Today, with the advent of powerful large language models (LLMs)
Supply Chain Resilience Initiative (SCRI) to Address Chinese Dominance
China has maintained its position as the manufacturing hub of the world, supported by efficient supply chain infrastructure, and low-cost production. And this has driven the steady rise of its GDP. The scenario changed in 2020 when the world witnessed the Covid pandemic, and China-dependent
Massively Multiplayer Disaster Response Collaboration
As we bump up against the limits of what our planet's ecosystems can handle, the frequency and intensity of natural and human-made disasters will increase exponentially. Second only to the skill and bravery of the people involved in disaster response, the supply chains and logistics that support
IoT: Enabling Sustainable Shipping and Warehousing
In recent years, every organization has been enormously concerned about the sustainability of its supply chain. In fact, according to McKinsey, a consumer company's supply chain, for instance, accounts for more than 80% of its greenhouse-gas emissions and beyond 90% of its impact on air, land,
The Circular Economy: New Business Models and Supply Chains Needed
Here is a hard truth: Earth's resources are finite, and our planet's ability to absorb the waste and pollution we generate is decreasing inexorably year after year. You may already have heard about the circular economy or read some articles about it, but do you understand what it is? Do you know
How IoT, AI, and Blockchain Can Create a Sustainable Supply Chain
Sustainability has become one of the most important concerns of every organization across different industries. Research from McKinsey & Company shows that companies with high ratings for environmental, social, and governance (ESG) factors have a lower cost of debt and equity and outperform the