The Global Cognitive Supply Chain Market is projected to reach USD 31.10 Billion by 2032, according to a new report by Polaris Market Research. The market is expected to grow at a CAGR of 15.6% during the forecast period 2021-2032. Cognitive supply chain is a combination of cognitive computing, artificial intelligence, and machine learning to automate the supply chain process. The cognitive supply chain is used to improve the efficiency of the supply chain process and reduce the cost of production.

Venti Technologies, a world leader in autonomous vehicle logistics for global supply chain and industrial and logistics yards, was recently recognized as a winner of Food Logistics and Supply & Demand Chain Executive's Top Tech Startups award. This award spotlights top software and technology startups in the supply chain and logistics space. Venti Technologies' AI algorithms are applied to its core autonomy solution and are able to work with any vehicle in any closed environment, such as ports, airports, warehouses, and factories. The company's solutions have extended robotics applications in logistics by developing lane markings as an independent object category for navigation.

Supply chain complexity can be a major challenge for businesses. According to Yahoo Finance, the U.S. markets closed with the S&P 500 at 4,554.89 and the Dow Jones at 35,416.98. Both the S&P 500 and Dow Jones saw a slight increase of 0.10% and 0.24%, respectively. This indicates that businesses may be overcoming supply chain complexity and achieving success.