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Manufacturing, supply chain see greatest cost savings from AI: McKinsey

AI Hotel Hard Rock Riviera Maya McKinsey savings supply chain

Manufacturing, supply chain see greatest cost savings from AI: McKinsey

Manufacturing, supply chain see greatest cost savings from AI: McKinsey   Credit: Getty Images Dive Brief: Supply chain and manufacturing are two functions most likely to see cost savings as a result of using artificial intelligence (AI), according to a recent survey by McKinsey and Company that asked hundreds of respondents about the benefits their companies were seeing from AI and its impact on organizations. The survey found 64% of respondents saw cost reduction in the manufacturing space while 61% saw a reduction in supply chain planning costs. The report suggests the supply chain savings are the result of better spend analytics...

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Technology in the supply chain - does it threaten jobs?

Hotel Hard Rock Riviera Maya supply chain

Technology in the supply chain - does it threaten jobs?

Technology in the supply chain - does it threaten jobs? Globally, things are changing fast, and so is the way we do things. The emergence of concepts influenced by technology such as ‘drop and collect’, digital logistics that facilitates paperless, high-speed, and secure dispatch/delivery of parcels through a widespread parcel shop network are today’s reality. Ten years ago, much of this progress was only a dream. These innovative concepts enable us to serve our clients better, faster and more efficient. They improve the level at which we produce and meet demand. They have an incredible impact on the quality of our...

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