Everyday AI Podcast – An AI and ChatGPT Podcast

Ep 341: Transforming Global Supply Chains with AI

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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.

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INSIGHT

Supply Chain's Impact

The supply chain is the fabric of the world's physical economy, impacting daily life constantly.
It influences everything from product availability to national security and carbon footprints.

INSIGHT

AI's Transformative Role

AI, especially LLMs, transforms supply chain data analysis by structuring messy, multilingual data.
This creates a comprehensive view of the global supply chain network, previously impossible due to data complexity.

ADVICE

Practical AI Application

Stop processing PDFs manually; use LLMs to extract structured data, accelerating workflows.
Larger AI integrations require organizational buy-in for data access and process changes.

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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.

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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.

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