Business, Technology

AI Integration, Amazingly the Best For Your Supply Chain

Image by Tumisu from Pixabay Have you ever given a thought to applying machine learning and other types of AI to the terabytes of transactional and sensor data being collected from the supply chain? The time is here and the amazing result you get will definitely be a much more autonomous and effective form of supply chain analytics, supply chain management, and, ultimately, an overwhelming as well as highly responsive supply chain. David Simchi-Levi, a professor of engineering systems at MIT says, “In fact, there is a lot of interest in using AI and machine learning to enhance supply chain analytics.” Where your concentration should be in the supply chain is the opportunity to be able to integrate predictive and prescriptive analytics, which in essence, translates to blending AI and optimizing technologies. The competition in the global market has become very stiff and you need to take every worthwhile opportunity that comes your way in order to continue to be relevant. The two areas you can efficiently apply AI in your supply chain are, to enable predictive analytics to understand behaviors and for prescriptive analytics, thereby, allowing optimization technologies to take input from machine learning and try to help your brand to make…

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Business

The Possible Fallouts From The U.S. And China’s Trade War

Just last June, there was a ray of hope at the G-20 meeting in Osaka, Japan with the announcement by the leaders of China and the United States that their trade war was thawing out. According to the U.S. President Donald Trump, the two countries had set negotiations “back on track.”  This led to the U.S jettisoning any idea of new tariffs on Chinese goods and also suspending the embargo placed on U.S. companies from trading with Huawei, the Chinese IT giant that the U.S has blacklisted. Nations across the globe heaved a sigh of relief, markets picked up, and the media was abuzz with “cease-fire” reports. But alas, it turned out to be a “false flag,” just like many diplomatic on and off between Beijing and Washington. The outcome of the “jigsaw puzzle” was to have the Trump administration increased tariffs on another $125 billion worth of Chinese imports in September.  It’s a war and there is no going back, China retaliated by announcing further tariffs on $75 billion worth of U.S. goods. Nobody knows how the U.S. will respond to this but there are feelers that further tariffs will be issued in December, in an attempt to possibly…

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