In the past decade, Artificial Intelligence (AI) has come out as something that people use almost every day without even realizing it. Apart from powering a huge number of applications and other digital devices, this technology stands to benefit all industries including supply chain. In fact, many companies have already started benefiting from investing in AI. A report by State of Artificial Intelligence for Enterprises shows that supply chain is one of those areas which will significantly benefit from AI. On the other hand, PwC states that AI could inject up to $15.7 trillion to the global economy by 2030.
The global supply chain for food and agricultural products has become incredibly complex. As ingredients and products are sourced from all over the world, it can be difficult to track where something originated or how it moved through multiple stages of processing and distribution. This lack of transparency and traceability is a major challenge across the food industry. However, an emerging technology - blockchain - could transform traceability and trust in global food systems.
Radio Frequency Identification (RFID) has become important for modern businesses. However, although this technology has proven to be instrumental for modern business, it has its downsides, mainly associated with privacy and security. While this technology, in itself, may not present a threat to privacy, when deployed in a manner that disregards responsible privacy practices, it can become a problem. Aaron Messing, an associate at OlenderFeldman LLP, highlights the risks associated with RFID in terms of employee surveillance and privacy infringement.
- Most read