Everyday AI Podcast – An AI and ChatGPT Podcast

Ep 341: Transforming Global Supply Chains with AI

Aug 21, 2024

Evan Smith, CEO and co-founder of Altana, leads a groundbreaking company that harnesses AI for global supply chains. In this discussion, he highlights how AI revolutionizes data analysis and enhances collaboration amid supply chain fragility. They dive into the lasting impacts of COVID-19 and the necessity for resilience. Smith underscores the strategic importance of rethinking supply chains and emphasizes how AI is integral for future efficiency, tackling challenges like carbon footprints while promoting supplier diversity.

35:31

Episode guests

Evan Smith

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

AI enhances visibility in complex supply chains, enabling better decision-making and resilience against disruptions through improved data analysis.

The COVID-19 pandemic exposed supply chain vulnerabilities, prompting businesses to prioritize resilience and adapt by diversifying their supplier networks.

Deep dives

Impact of AI on the Supply Chain

AI is significantly transforming the global supply chain by providing greater visibility and insight into complex networks that were historically opaque. By leveraging large language models, businesses can now process huge volumes of unstructured data, mapping out the intricate relationships between suppliers, manufacturers, and retailers. This technological advancement enables companies to track everything from raw materials to finished products, facilitating improved decision-making and fostering resilience against disruptions. As a result, businesses can better understand the origins of their products, monitor carbon footprints, and address compliance issues related to labor practices.

Intro

5min

Revolutionizing Supply Chains with Integrated AI Solutions

2min

The Invisible Backbone: Understanding the Global Supply Chain's Daily Impact

2min

AI Revolutionizes Supply Chains

9min

AI Transformation in Supply Chains

6min

Rethinking Resilience: AI in Supply Chains

12min

Win a free year of ChatGPT or other prizes! Find out how.

Supply chains impact everything. And AI is impacting our supply chain at every level. So what's it all mean for the future of the products we use every day and the supply chains that make it all possible? Evan Smith, CEO and Co-Founder of Altana joins us to discuss.

Newsletter: Sign up for our free daily newsletter
More on this Episode: Episode Page
Join the discussion: Ask Jordan questions and Evan questions on supply chain and AI

Upcoming Episodes: Check out the upcoming Everyday AI Livestream lineup
Website: YourEverydayAI.com
Email The Show: info@youreverydayai.com
Connect with Jordan on LinkedIn

Topics Covered in This Episode:
1. Importance of Supply Chain
2. Implication of AI in Supply Chain
3. Value Chain and AI Integration
4. AI Addressing Industry Challenges
5. Impacts of COVID-19 on Supply Chains and Role of AI

Timestamps:
01:55 Daily AI news
05:00 About Evan and Altana
08:23 Outsourced supply chain is fragile, strategically important.
10:38 AI revolutionizes supply chain data analysis.
16:26 Automation will change work, focusing on value.
17:58 Impacts of industry on supply chain future.
23:57 COVID and generative AI's impact on supply chain.
26:42 Supplier diversity can mean redundancy or workforce equality.
30:37 Global businesses need to rethink supply chains.
32:10 Reframe the AI conversation for positive outcomes.

Keywords:
Evan Smith, outsourced just-in-time supply chain, global supply chain network, carbon footprint, national security, China's control of critical minerals, paper-based to digitized supply chain, AI technology, large language models, trace origin of products, forced labor, business interruptions, customs and trade compliance, supplier diversity strategy, workforce and human rights evaluation, actively managed value chain network, generative AI, change of nature of work, automation, repetitive tasks, data processing, business interruption risk exposure, COVID-19 pandemic, Jordan Wilson, Everyday AI Show, Microsoft, OpenAI, Conde Nast, Altana, fabric of the world's physical economy.