The global AI in Supply Chain market is anticipated to grow at a CAGR of 38.8% during the forecast period (2023-2030). AI plays a crucial role in assisting businesses in various aspects of supply chain management, such as inventory planning, transportation route optimization, and overall efficiency enhancement. By analyzing historical data and market trends, AI algorithms provide accurate demand forecasts, aiding businesses in reducing excess stock and minimizing carrying costs. These algorithms also continuously monitor inventory levels and automate the reordering process, ensuring consistent product availability.
Browse the full report description of “AI in Supply Chain Market Size, Share & Trends Analysis Report by Technology (Machine Learning (ML), Natural Language Processing (NLP), Context-Aware Computing, and Computer Vision), by Application (Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Risk Management, Freight Brokerage, and Others), and by End-User (Automotive, Aerospace, Manufacturing, Retail, Healthcare, Consumer-packaged Goods, Food and Beverages, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/ai-in-supply-chain-market
Additionally, AI algorithms can optimize transportation routes, considering factors such as traffic, weather, and delivery schedules. This optimization results in reduced transportation costs and improved delivery times. The growing adoption of AI in the supply chain is driven by its ability to automate tasks and decision-making processes, allowing supply chain professionals to focus on more strategic activities. This leads to increased overall efficiency and productivity in the supply chain.
As a response to the rising demand for supply chain management software, market players are introducing innovative products. For instance, in April 2023, Inspectorio launched the first generative AI-driven supply chain management software in the globe. The globe's generative AI tool powered by ChatGPT, Inspectorio CAPA recommender, enables brands, retailers, suppliers, factories, and other parties manage their supply chains.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Amazon Web Services, Inc., FedEx Corp., General Electric Co., Google, IBM Corp. and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Artificial Intelligence (AI) in Supply Chain Market Report Segment
By Technology
By Application
By End-User
Global Artificial Intelligence (AI) in Supply Chain Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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