{"id":6280,"date":"2024-05-27T05:48:07","date_gmt":"2024-05-27T12:48:07","guid":{"rendered":"https:\/\/athis-technologies.com\/news\/?p=6280"},"modified":"2024-05-28T09:02:35","modified_gmt":"2024-05-28T16:02:35","slug":"cgi-survey-shows-industry-looks-to-ai-as-supply-chain-future","status":"publish","type":"post","link":"https:\/\/athis-technologies.com\/news\/market\/2024\/cgi-survey-shows-industry-looks-to-ai-as-supply-chain-future\/","title":{"rendered":"CGI Survey Shows Industry Looks to AI as Supply Chain Future"},"content":{"rendered":"\n<p>\n\nCGI&#8217;s Future of Supply Chain survey finds AI is already a key area of focus for industry leaders as they look to navigate further uncertainty<\/p>\n\n\n\n<p>Amid geopolitical tension, economic uncertainty and extreme weather events, the resilience of supply chains around the world is being put to the test on a daily basis.<\/p>\n\n\n\n<p>Meanwhile, industry leaders are tasked with managing complex supplier networks, enhancing transparency to showcase sustainability credentials and developing data-driven strategies to quickly meet customer demands.&nbsp;<\/p>\n\n\n\n<p>In a bid to understand the biggest challenges facing today\u2019s supply chain executives, as well as their key motivations and goals,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cgi.com\/en\" target=\"_blank\">CGI<\/a>\u00a0commissioned\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/supplychaindigital.com\/\" target=\"_blank\">Supply Chain Digital<\/a>\u00a0and sister title\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/manufacturingdigital.com\/\" target=\"_blank\">Manufacturing Digital<\/a>\u00a0to gather the thoughts of dozens of experienced professionals.\u00a0<\/p>\n\n\n\n<p>Perhaps unsurprisingly, the results reveal that artificial intelligence (AI) is already a key area of focus for leaders as they look to successfully navigate this ongoing period of uncertainty.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Striving for resilience<\/h2>\n\n\n\n<p>Resilience and risk management have always been supply chain staples, but their perceived importance has been amplified following a series of major events with far-reaching impacts \u2013 beginning with the COVID-19 pandemic.&nbsp;<\/p>\n\n\n\n<p>Leaders said being data-driven \u2013 encompassing visibility, transparency and traceability \u2013 was the top attribute (87.4%) of a resilient supply chain, followed by agility and flexibility (78.2%) and predictive\/real-time scenario planning (55.2%).&nbsp;<\/p>\n\n\n\n<p>Interestingly, local production, ESG and security were considered to be less pivotal factors when it comes to resilience.&nbsp;<\/p>\n\n\n\n<p>Scoring their own supply chains out of 10 in relation to these same factors, executives were relatively confident in their security and data-driven pedigree, scoring them an average of 6.7 and 6.57 respectively.&nbsp;<\/p>\n\n\n\n<p>However, they were less sure of their carbon neutrality and ESG credentials, settling on an average score of 5.13.&nbsp;<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/DPN0TZi827A?modestbranding=1&amp;playsinline=1&amp;rel=0\" width=\"560\" height=\"315\" allowfullscreen=\"\"><\/iframe><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Operational efficiency key to achieving KPIs<\/h2>\n\n\n\n<p>Elsewhere, leaders were asked for their top three KPIs for their companies\u2019 supply chains.&nbsp;<\/p>\n\n\n\n<p>Researchers discovered that three indicators emerged as clear frontrunners:<\/p>\n\n\n\n<ul><li><strong>Delivery time\/cash-to-cash time cycle:<\/strong>&nbsp;83.9%<\/li><li><strong>Customer satisfaction:<\/strong>&nbsp;77%<\/li><li><strong>Inventory turnover and velocity:&nbsp;<\/strong>60.9%<\/li><\/ul>\n\n\n\n<p>Gross ROI in relation to supply chain technology, carbon footprint and claims were regarded by executives as being less reflective of overall company performance.&nbsp;<\/p>\n\n\n\n<p>Almost three-quarters (73.6%) of respondents highlighted operational efficiency as the biggest obstacle to achieving their KPIs and goals. This was closely followed by organisation (71.3%), inclusive of business and IT alignment, a lack of skilled employees and internal culture.&nbsp;<\/p>\n\n\n\n<p>At the other end of the scale, less than a quarter (23%) said regulations were proving problematic to meeting objectives.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AI a key focus for supply chain leaders<\/h2>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/he5I6ByoaB4?modestbranding=1&amp;playsinline=1&amp;rel=0\" width=\"560\" height=\"315\" allowfullscreen=\"\"><\/iframe><\/figure>\n\n\n\n<p>Looking to the future, it\u2019s evident emerging technologies like AI are set to become a primary focus for supply chain leaders \u2013 if they haven&#8217;t already.<\/p>\n\n\n\n<p>Asked which technologies will support their supply chain initiatives over the next couple of years, more than two-thirds (69%) of executives opted for AI, advanced analytics and digital twins.&nbsp;<\/p>\n\n\n\n<p>This was followed by:<\/p>\n\n\n\n<ul><li><strong>Advanced planning system including integrated business planning:&nbsp;<\/strong>65.5%<\/li><li><strong>ERP\/digital manufacturing cloud:&nbsp;<\/strong>56.3%<\/li><li><strong>Intelligent automation:<\/strong>&nbsp;54%<\/li><\/ul>\n\n\n\n<p>This serves as clear evidence that AI is perceived by those in positions of authority as a key enabler of innovation and growth.&nbsp;<\/p>\n\n\n\n<p>Moreover, intelligent scenario planning incorporating AI and real-time decision making was chosen as a top focus area (67.8%) for the next five years, as was L&amp;D and attracting talent (60.9%).<\/p>\n\n\n\n<p>Despite giving their own supply chains relatively low scores for their carbon neutrality and ESG credentials, more than half (55.2%) of the survey respondents said sustainability and reducing carbon emissions would be a top priority moving forward.&nbsp;<\/p>\n\n\n\n<p>What\u2019s telling, however \u2013 especially given the last few years of disruption and uncertainty \u2013 is the level of confidence among supply chain leaders in relation to their future preparedness.<\/p>\n\n\n\n<p>A significant majority (82.8%) of professionals claimed they were either \u2018ready\u2019 or \u2018somewhat ready\u2019 for the future, with an additional 5.7% going as far as to say they are \u2018leading the way\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CGI&#8217;s Future of Supply Chain survey finds AI is already a key area of focus for industry leaders as they look to navigate further uncertainty Amid geopolitical tension, economic uncertainty and extreme weather events, the resilience of supply chains around the world is being put to the test on a daily basis. Meanwhile, industry leaders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"amp_status":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[127,415,157],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CGI Survey Shows Industry Looks to AI as Supply Chain Future - AthisNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/athis-technologies.com\/news\/market\/2024\/cgi-survey-shows-industry-looks-to-ai-as-supply-chain-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CGI Survey Shows Industry Looks to AI as Supply Chain Future - AthisNews\" \/>\n<meta property=\"og:description\" content=\"CGI&#8217;s Future of Supply Chain survey finds AI is already a key area of focus for industry leaders as they look to navigate further uncertainty Amid geopolitical tension, economic uncertainty and extreme weather events, the resilience of supply chains around the world is being put to the test on a daily basis. 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