Tag-N-Trac: How AI & IOT is bringing Next generation of Innovation and Solutions to Pharma Logistics
Tag-N-Trac: How AI & IOT is bringing Next generation of Innovation and Solutions to Pharma Logistics
24 October 2024 12:30 12:45
A confluence of both economic, regulatory and pandemic-related challenges have driven organizations to re-examine their supply chains, invest in technology and pursue digital transformation initiatives. Triggered by the global events in the past few years, which highlighted gaps in global supply chains and followed by disruptions including the Suez Canal blockage, Red Sea, trucking strikes, silicon shortages, among others, a lack of ability to reliably produce and deliver product to customers has cause significant impacts to the bottom line. Enterprises recognize the need to address what is within their control – their network of suppliers, shipping partners, and internal systems to improve flexibility and reduce risk. A Path Forward: The “AI + IOT Intelligent Supply Chain”: A confluence of technologies maturing creates a unique opportunity in the supply chain sector to achieve significant productivity gains. Generative AI, automation, the Internet of Things (IoT), edge computing and other technologies have enabled more granular data collection and processing to surface opportunities to organizations to improve their operations. Tag-N-Trac harnesses the power of these technologies to deliver a compelling and effective solution for organizations as they seek to improve visibility and agility of their supply chain operations.