How artificial intelligence can impact supply chains and logistics – Cointelegraph

Artificial intelligence (AI) has emerged as a transformative technology across various industries, and its potential impact on supply chains and logistics is no exception. With its ability to analyze vast amounts of data, make predictions, and automate processes, AI has the potential to revolutionize the way supply chains and logistics operations are managed.

One of the key areas where AI can make a significant impact is in demand forecasting. By analyzing historical data, market trends, and other relevant factors, AI algorithms can accurately predict future demand for products. This can help companies optimize their inventory levels, reduce stockouts, and improve overall supply chain efficiency. With better demand forecasting, businesses can ensure that they have the right products in the right quantities at the right time, leading to improved customer satisfaction and reduced costs.

AI can also enhance supply chain visibility and transparency. By integrating AI-powered sensors and Internet of Things (IoT) devices, companies can track and monitor their inventory in real-time. This enables them to have a clear view of

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