Gajanan Nayak

ChatGPT’s capabilities have been highly promising in numerous sectors, from healthcare to finance. Now, it has the potential to transform the supply chain industry. By facilitating precise demand forecasting, enhanced inventory management, and optimized supplier relations, ChatGPT can improve the overall performance of supply chain operations. Despite its potential, challenges such as data quality, privacy …

How Startups Can Leverage ChatGPT To Optimise Supply Chain Management Read More »

Supply chain management is constantly evolving, and embracing change has become essential for staying relevant. The author explores how ground-breaking innovations such as the Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML), Advanced and Predictive Analytics, Cloud Technology and Cloud-based Commerce Networks, 3D Printing, and Digital Supply Chain Twins impact the supply …

Supply Chain Management: The Game-Changing Innovations That Are Shaping the Industry Read More »

Blockchain technology can increase transparency, security, and efficiency in the supply chain. Some of the top uses of blockchain in the supply chain include transparency, product authentication, quality control, finance, smart contracts, inventory management, reducing paperwork, food safety, compliance, and sustainable sourcing. The article also highlights some of the most popular blockchain-based supply chain platforms, …

Top 10 uses of blockchain in supply chain Read More »

Chinese researchers from East China Normal University (ECNU) have developed a digitalized container sealing technology that uses QR codes or NFC to simplify global container transportation. The International Organization for Standardization (IOS) in Geneva, Switzerland, has officially released this technology as an international standard. The digitalized container seals are embedded with QR codes or NFC …

Digitalized container sealing streamlines logistics operations Read More »

  The Indian government has set a target to reduce the country’s logistics costs to 9% of its GDP by 2024. Nitin Gadkari, the Union Minister for Road Transport and Highways, has revealed the government’s plan to establish a national logistics policy to streamline the sector. As logistics contributes around 14% to India’s GDP and …

Govt Aims To Bring Down Logistics Cost To 9% by 2024 Read More »