Week of June 26th, 2023
Linking supply chain news with dangerous goods compliance
Artificial intelligence (AI) is already revolutionizing the supply chain but has the potential to be even more disruptive in the future as technology advances and adoption increases.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- AI is Powering the Next Supply Chain Revolution: AI is rather quickly being implemented in the supply chain, how beneficial can AI really be to an individual company?
- AI Investment on the Rise; Manufacturers Still Missing Production Potential: Only 3% of manufacturers plan to reduce AI spending this year, with 63% planning to increase these budgets.
- Knowledge Graphs: Have Supply Chain Data Your Way with Generative AI: How do you make the most of your supply chain data? Get yourself a knowledge graph.
- A.I. Could ‘Remove All Human Touchpoints’ in Supply Chains. Here’s What That Means: Generative AI in supply chains will be able to forecast demand, predict when trucks need maintenance and work out optimal shipping routes, according to analysts.
- AI in Supply Chain Management: Revolutionizing the Future of Logistics: AI is revolutionizing supply chain management. Here are some of its awe-inspiring applications.
- Using Fuzzy Logic and AI to Improve Supply Chain Efficiency: The integration of fuzzy logic and AI presents significant opportunities for organizations like smart automotive manufacturers to enhance their supply chain management practices.
OUR PERSPECTIVE
- Technology changes, regulations don’t. Supply chain processes continue to evolve along with technological innovation. Businesses can now make better, more data-driven decisions and automate more of their operations. Yet while their internal processes may change, the regulations that govern the shipping and handling of DG do not. As businesses adopt AI, they must ensure that their DG shipping operations still comply with the latest regulations and can adapt to any changes.
- Integration will become increasingly critical. As AI is incorporated more into operational systems, the need for greater integration between systems increases as well. For DG organizations, it will be critical to integrate compliance into those systems in order to realize the benefits of AI and automation while ensuring safe and compliant shipping.
- Data. Data. Data. Without proper data, no technology can work to its fullest potential. And since product’s components, makeup, dimensions and origins impact every process required for safe and compliant DG shipping – including packaging, labeling, documentation, permits and transport of goods – businesses must ensure they have complete, accurate and reliable DG master data. Then ensure that data is shared internally and with supply chain partners.
To learn more about dangerous goods software or how to establish a safer, more compliant supply chain, visit https://www.labelmaster.com.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
