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As companies navigate the complexities of B2B integrations and the unprecedented strain on supply chains due to global conflicts, environmental crises, and other unforeseen circumstances, the need for a resilient, collaborative B2B ecosystem has never been stronger.
This is where GenAI stands out as a transformative force, redefining how supply chains operate. Over the next decade, a key transformation in supply chains will be the integration of GenAI across functions as a dynamic tool that adapts in real-time to B2B market disruptions. This paves the way for a more resilient and responsive supply chain.
How can enterprises make the shift to an autonomous supply chain? How can they achieve supply chain resilience and agility? Deep dive into the insights shared by industry leaders at EdgeVerve and Microsoft on the future of supply chain integration.
According to a report by Deloitte, 44% of all supply chain executives expect to experience a supply chain shock in the next 24 months due to various external challenges, including inflation, price volatility, and geopolitical instability.
Organizations today thus want to gain a connected and customer-centric view, but many struggle with siloed systems which prevent a unified view that’s critical for decision-making; data fragmentation and integration from diverse sources/formats remains a monumental task, and the adoption of AI and new technologies to transition toward an autonomous supply chain.
So, how can organizations simplify and optimize B2B operations across the supply chain?
According to a KPMG report, “6 in 10 global organizations plan to invest in digital technology to bolster their supply chain processes, data synthesis, and analysis capabilities.”
Gartner states that the key factors motivating supply chain investments in emerging technologies over the next 5 years include improving supply chain resiliency (35%), enhancing decision-making (35%), and improving process efficiency (31%).
That said, consumer goods companies are adopting digital disruptors to optimize supply chains, shifting from reactive to proactive models to better anticipate consumer demand, improve forecasting accuracy, and overcome challenges like siloed data and disconnected systems.
With the advancements in generative AI, leaders are looking for smart solutions to create a more connected supply chain ecosystem, transforming the supply chain from a cost center to a value creator. AI-powered supply chains are reimagining business operations, enabling enterprises to unlock greater growth, efficiency, and visibility.
“With generative AI, we’re redefining how the world works at one of the most significant technological inflection points of our time. GenAI has the ability to empower organizations to adapt to their unique contexts and adopt a goal-based approach. This involves leveraging optimization strategies in highly complex business environments and fostering collaboration within connected ecosystems. By integrating diverse signals from trading partners across networks, businesses can drive greater operational awareness and unlock data for near real-time insights.”
– Felice Miller,
Business Strategy Leader for Supply Chain & Operations at Microsoft
Organizations today are looking to shift toward an autonomous supply chain. EY 2024 Supply Chain Survey indicates that 27% of C-suite leaders expect to achieve a mostly autonomous supply chain by 2040, while 39% of supply chain executives believe this could happen by 2030.
An autonomous supply chain harnesses data and analytics to optimize processes and continuously learn, adapt, and proactively respond to disruptions. Embracing GenAI to unlock the power of autonomous supply chains is imperative for organizations as they learn to adapt to changes and orchestrate everything seamlessly. AI in supply chains is thus key for enterprises to gain a competitive edge and explore unlimited possibilities in the future.
“For global companies, compliance is a big challenge, with ever-changing regulations across hundreds of countries. Automating the tracking and management of these regulations would remove a huge burden. These foundational improvements—enhancing accuracy, automating repetitive tasks, and enabling real-time decision-making—are the building blocks of a truly autonomous supply chain.”
– Arvind Rao,
CTO at EdgeVerve
Read our complete interactive guide created in partnership with Microsoft and featuring insights from industry leaders Felice Miller, Business Strategy Leader for Supply Chain & Operations at Microsoft, and Arvind Rao, CTO at EdgeVerve, as they explore the below topics:
Possibilities Unlimited
Possibilities Unlimited
Inspiring enterprises with the power of digital platforms
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