Harnessing the power of Artificial Intelligence (AI) and Machine Learning (ML) to optimize warehouse operations not only boosts efficiency but also fortifies supply chains, enabling them to recover swiftly from disruptions. Regrettably, supply chain disruptions are on the rise both in frequency and severity. According to McKinsey, companies face disruptions lasting one to two months approximately every 3.7 years, highlighting the pressing need for resilience.
Over a span of ten years, the financial consequences of supply chain disruptions in the consumer goods sector can amount to as much as 30% of a year’s earnings before interest, taxes, depreciation, and amortization (EBITDA). However, Fortune 500 companies that have developed resilient supply chains have demonstrated a 7% premium in their stock prices and market capitalization.
Resilient supply chains serve as the essential shock absorbers that keep various industries, including e-commerce, retail, groceries, and postal services, operational even in the face of increasing disruption challenges. Investing in the fortification of supply chains to enhance resilience is a profitable endeavor.”
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