One of the technologies driving Industry 4.0 is artificial intelligence (AI), and AI is enabling massive change in manufacturing. It is also revolutionizing the smart manufacturing supply chain as well.

It seems that for every benefit technology provides, it also spawns an associated challenge. For instance:
AI benefit: AI enables manufacturers to provide customization in a much more compressed time frame than ever before. So much so that consumers are beginning to see customization—including instant delivery—as a standard service.
Associated challenge: Forecasting for supply, demand, and price is the supply chain’s bread and butter. And all stakeholders—suppliers, manufacturers, and fulfillment partners—now face an exponential challenge in providing customer satisfaction.

Jason Tham, CEO of Nulogy, believes that AI can leverage real-time operational data to unlock greater visibility and collaboration for supply chain ecosystems. Tham maintains this is the difference between old-school forecasting and what he calls “true agility.”

 …