Risk, Resilience, and AI in the Supply Chain with Yossi Sheffi
The COVID-19 pandemic threatened to derail #supplychain management completely. Or did it?
Yossi Sheffi, distinguished MIT professor and an expert with 49 years in supply chain management, breaks down supply chain resilience into five levels and argues that supply chain managers were unsung heroes during the pandemic. Yossi also touches on balancing resilience with #sustainability, pointing out that while essential, both can introduce short-term costs and competitive imbalances. He underscores the delicate balance companies must strike between cost management and maintaining multiple suppliers for risk mitigation.
He expounds on the role of #AI in supply chains, emphasizing the importance of leveraging #artificialintelligence for identifying alternative suppliers and predictive analysis. The conversation also delves into the roles of #machinelearning, large language models, and #robotics in evolving supply chains. Despite skepticism about fully autonomous applications like pilotless planes, Yossi highlights ongoing experiments with AI as potential co-pilots. The episode concludes with reflections on the rapid technological evolution impacting the professional landscape and the fabric of daily life. https://next-level-supply-chain-with-gs1us.podcastpage.io/episode/risk-resilience-and-ai-in-the-supply-chain-with-yossi-sheffi #GS1USPod
Key takeaways:
● Resilience in supply chains is crucial for navigating disruptions and maintaining operational continuity.
● Artificial intelligence (AI) technology is vital for supply chain management despite potential challenges.
● Supply chain resilience and sustainability are critical concerns, as are the investments in these areas.
[01:05] Intro to Yossi Sheffi
[04:27] Supply chain resiliency and the impact of the COVID-19 pandemic
[09:01] The costs of resilience and sustainability
[15:53] The challenges that companies have when they start talking about resiliency
[19:31] A brief history and analysis of generative AI in the supply chain
[26:59] Yossi’s favorite technology
[28:35] The technology that amazes Yossi
Next Level Supply Chain with GS1 US Podcast Page: https://next-level-supply-chain-with-gs1us.podcastpage.io/
Learn more about GS1 US: https://www.gs1us.org/
Connect with Yossi Sheffi on LinkedIn: https://www.linkedin.com/in/yossi-sheffi-b38b731/
Check out Yossi’s book - https://sheffi.mit.edu/magicbelt
The COVID-19 pandemic threatened to derail #supplychain management completely. Or did it?
Yossi Sheffi, distinguished MIT professor and an expert with 49 years in supply chain management, breaks down supply chain resilience into five levels and argues that supply chain managers were unsung heroes during the pandemic. Yossi also touches on balancing resilience with #sustainability, pointing out that while essential, both can introduce short-term costs and competitive imbalances. He underscores the delicate balance companies must strike between cost management and maintaining multiple suppliers for risk mitigation.
He expounds on the role of #AI in supply chains, emphasizing the importance of leveraging #artificialintelligence for identifying alternative suppliers and predictive analysis. The conversation also delves into the roles of #machinelearning, large language models, and #robotics in evolving supply chains. Despite skepticism about fully autonomous applications like pilotless planes, Yossi highlights ongoing experiments with AI as potential co-pilots. The episode concludes with reflections on the rapid technological evolution impacting the professional landscape and the fabric of daily life. https://next-level-supply-chain-with-gs1us.podcastpage.io/episode/risk-resilience-and-ai-in-the-supply-chain-with-yossi-sheffi #GS1USPod
Key takeaways:
● Resilience in supply chains is crucial for navigating disruptions and maintaining operational continuity.
● Artificial intelligence (AI) technology is vital for supply chain management despite potential challenges.
● Supply chain resilience and sustainability are critical concerns, as are the investments in these areas.
[01:05] Intro to Yossi Sheffi
[04:27] Supply chain resiliency and the impact of the COVID-19 pandemic
[09:01] The costs of resilience and sustainability
[15:53] The challenges that companies have when they start talking about resiliency
[19:31] A brief history and analysis of generative AI in the supply chain
[26:59] Yossi’s favorite technology
[28:35] The technology that amazes Yossi
Next Level Supply Chain with GS1 US Podcast Page: https://next-level-supply-chain-with-gs1us.podcastpage.io/
Learn more about GS1 US: https://www.gs1us.org/
Connect with Yossi Sheffi on LinkedIn: https://www.linkedin.com/in/yossi-sheffi-b38b731/
Check out Yossi’s book – https://sheffi.mit.edu/magicbelt
