Cardiff Business School - Breakfast Briefing: Cutting through the Supply Chain Crisis – Digital Innovation
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Cutting through the Supply Chain Crisis - Digital Innovation
Join Dr. Yingli Wang and John Barker to hear how digital innovation, blockchain, and AI can help cut through the supply chain crises.
You’ve probably all experienced missing products in the supermarket, McDonalds running out of milkshakes, and long delays for those kitchen cupboards you ordered. Supply chains are failing in an increasingly volatile world full of uncertainty and disruption. Innovation through industrial digital technologies such as blockchain and artificial intelligence within these environments offer a route to global and local prosperity. Join us at our next Breakfast Briefing to find out more.
We've all witnessed supply chain disruptions with the recent Suez Canal blockage in March 2021, trade-wars between the US-China, Brexit, natural disasters, and the Covid-19 pandemic. Those uncertainties and disruptions expose many hidden supply chain vulnerabilities. One of the major vulnerabilities in this ever-changing is the over-reliance on single suppliers for critical products and services. Another major vulnerability is the complexities arising from the lengthy global supply chains. These shifts drive global supply chains to more local and regional based networks influenced by policies like the Well-being of the Future Generations Act (2015) in Wales. As a result, there is a great need for public and private sector organisations to build a diverse, localised, supplier base to be more resilient, responsive, and invested in the communities they serve.
Yet engaging with a large number of suppliers, especially SMEs, poses great challenges because how do you know who you can trust and how do you juggle the associated complexity? In this session, we will showcase how the integrative use of artificial intelligence and blockchain could be utilised to develop an effective, geographically-targeted, supplier discovery platform. This allows organisations to save on the time, cost and risk of geographically-targeted supplier engagement while protecting commercially sensitive information and intellectual property. Join us to discover all about it.
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