March 25, 2020

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12% of supply chains using AI, according to annual report | Supply Chain Management

12% of supply chains using AI, according to annual report | Supply Chain Management


In the most recent annual MHI Industry Report, it has been revealed that simply 12% of supply chain professionals say their organisations are leveraging AI.

The findings had been revealed in MHI Industry and Deloitte’s report, which surveyed 1,001 supply chain professionals in manufacturing, transportation and different industries. The survey went on to reveal that 60% of these surveyed count on to be introducing AI into their operations throughout the subsequent 5 years. 

Survey respondents imagine the improvements coated within the survey might disrupt supply chain practices and create a aggressive benefit for corporations that undertake them. Since the earlier survey, robotics and automation rose from fifth to first place, with 67% of respondents believing it has the potential to disrupt or create a aggressive benefit. Also according to the survey, 20% of supply chain leaders imagine the digital supply chain is the first mannequin, with 80% anticipating it to be the predominant one throughout the subsequent 5 years.

Image supply: MHI Industry Report

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Adoption charges

The improvements which might be primarily in use at present are centered round cloud computing and storage, robotics and automation, in addition to sensors and computerized identification. Over the subsequent 12-24 months, cloud computing and storage is ready to develop to 81% adoption, adopted by 90% within the subsequent three to 5 years. Inventory and optimisation is assumed to attain 74% within the subsequent 12-24 months, adopted by 89% in three to 5 years. While robotics and automation is assumed to attain 58% over the subsequent two years, adopted by 73% within the subsequent three to 5 years.

Finding and retaining the best expertise stays one of essentially the most difficult areas for at present’s organisations. In this 12 months’s survey, 71% of respondents imagine that recruiting expertise is considerably difficult, adopted by hiring staff (68%) and retaining expertise (59%). The subsequent problem after the highest three was revealed to offer prime performing staff profession development (57%).

To uncover extra insights from the MHI Industry Report, click on right here!

For extra info on procurement, supply chain and logistics subjects – please check out the most recent version of Supply Chain Digital journal.

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