Artificial intelligence (AI) can help chemical companies understand the impact of logistics events such as the Panama and Suez canal crises, as well as improve forecasting of demand and pricing.
- AI can help predict impact of events on demand patterns, allocate supply to different locations
- Univar Solutions uses AI to correlate weather patterns, customer order patterns to help forecast demand
- ICIS uses AI to inform scenarios for price and demand forecasting
- AI allows distribution customers create formulations more efficiently
- AI helps customers speed up vetting of customers and pricing
- AI can aid analysis of events such as the Panama Canal and Red Sea crises
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