The global artificial intelligence in supply chain market is expected to grow at a CAGR of 45.3% from 2019 to reach $21.8 billion by 2027; wherein, Asia-Pacific region is expected to register fastest CAGR throughout the forecast period.
Artificial intelligence has emerged as the most potent technologies over the past few years, that is transitioning the landscape of almost all industry verticals. Although enterprise applications based on AI and machine learning (ML) are still in the nascent stages of development, they are gradually beginning to drive innovation strategies of the business.
In the supply chain and logistics industry, artificial intelligence is gaining rapid traction among industry stakeholders. Players operating in the supply chain and logistics industry are increasingly realizing the potential of AI to solve the complexities of running a global logistics network. Adoption of artificial intelligence in the supply chain is routing a new era or industrial transformation, allowing the companies to track their operations, enhance supply chain management productivity, augment business strategies, and engage with customers in digital world.
Here are the top 10 companies operating in Artificial Intelligence (AI) in Supply Chain Market –
IBM functions through five key segments, namely, Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company manufactures and sells hardware & software and delivers numerous hosting and consulting services from mainframe processors to nanotechnology domains. The company has a diverse and vast products and services portfolio, including artificial intelligence, IoT, cloud computing, and security.
IBM is the world’s enterprise AI leader and largest cybersecurity enterprise. It provides services to all size enterprises and leaders in the diverse industries, including financial services institutions, manufacturers, retailers, and more. The company helps its clients to transform their business and help them to engage with clients and employees in new manners. It has one of the largest workforces in the world.
Microsoft is one of the leading technology providers. The company mainly offers software products, such as Internet Explorer, Microsoft Windows OS, Microsoft Office Suite, and Edge Web browsers. Its leading hardware products are the Microsoft Surface lineup of touchscreen individual computers and Xbox video game consoles. In the supply chain industry, Microsoft provides Dynamics 365 Supply Chain Management and other tools and applications. This uses predictive insights and intelligence from AI and IoT across production, stock, warehouse, and transportation management to maximize operational efficiency, product quality, and profitability. In addition, its tools also optimize planning and improve the fulfillment, material sourcing, and logistics of the supply chain for industries.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of Microsoft are Fine Production, GitHub, Semantic Machines, Mojang, Skype, and LinkedIn Corporation.
Google is one of the global pioneers in internet-based products and services. The company’s product portfolio ranges from search engines, cloud computing, online advertising technologies, and computer hardware & software. Google’s supply chain operations are responsible for providing the manufacturing capability to deliver its leading-edge physical infrastructure. There are around 500 suppliers or supply chain partners of Google that the company works with for the manufacturing of its hardware products and consumer devices and to enable the delivery of its online and offline products and services.
The company has its strong global network with more than 70 offices in 50 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Amazon is an online retailer that offers a wide range of products. The company products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon supply chain management approach embraces the technology that utilizes countless automation and robotic solutions, both to pick and pack orders as well as stacking, delivery, warehouse, and storing inventory.
Intel designs, manufactures, and sells computer components and related products. The company operates through six segments, namely, Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), and All other. To support an efficient and responsive supply chain, Intel IT works closely with many teams throughout Intel to formulate a strategy that integrates IT solutions across all levels. Intel provides increased supply chain responsiveness and productivity, while reducing process cycle time and inventory levels. The company sells its products primarily to original equipment manufacturers (OEMs) & original design manufacturers (ODMs) and comprises more than 11,000 suppliers in over 900 countries.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of Intel are Altera, Mobileye, Nervana Systems, Wind River, and eASIC Corporation, among others.
A report into the projected growth of the current Artificial Intelligence (AI) in Supply Chain Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 45.3%, reaching over $2.01 billion.
Nvidia is an American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Its primary GPU product line, labeled “GeForce,” is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products. In addition to GPU manufacturing, Nvidia provides parallel processing capabilities to researchers and scientists that allow them to efficiently run high-performance applications. Nvidia brings supercomputer performance to the edge in a small form factor system on module. This allows modern neural networks in parallel and process data from multiple high-resolution sensors, which is a requirement for full AI systems.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The subsidiaries of the company include PGI Compilers & Tools, Icera, ULi Electronics Inc, and ModViz, Inc.
Oracle develops and builds tools for database management and offers middle-tier, enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM) software. In addition, it sells data storage, information security, virtualization, analytics, business software, applications, consulting, and cloud computing.
With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of the company include NetSuite, Taleo, BlueKai, Dyn, Responsys, and Textura Corporation.
Samsung is a multinational conglomerate company headquartered in Seoul, South Korea. The company has robust business affiliations, including Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, and Samsung Construction and Trading Corporation. Samsung has a strong global presence. Samsung Electronics secure an all-encompassing competitive edge in cost, delivery, quality, and technology. This provides maximize synergy, speed, and efficiency with suppliers and creates a corporate ecosystem that enables sustainable growth. In addition, the company has built an open and transparent management accountability system that engages all stakeholders along the supply chain.
Samsung Electronics has an enormous supply chain consisting of 2,500 suppliers across the globe. The company has 55 sales offices, 39 production sites, 35 R&D centers, seven design centers, and 66 other sites.
Founded in 1998 and headquartered in Michigan, U.S., LLamasoft is a global leader in supply chain design, excellence & innovation, advancing technology, and decisioning solutions. The company focuses on the continuous improvement of enterprise supply chains for the world’s largest organizations. It offers productized applications, innovative solutions to accelerate the adoption of AI with deep expertise in machine learning, optimization, simulation, and advanced analytics capabilities to improve decision making. LLamasoft supply chain digital designs and decision software helps organizations to improve their supply chain operations. The company creates a true end-to-end view of global supply chains to enable decisions along strategic, tactical, and operational time horizons.
With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, and the Rest of the World. The company has subsidiaries in the U.K. and France.
SAP SE develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services. The company’s supply chain covers the areas of production planning, business forecasting, and demand planning. SAP connects all planning processes and uses real-time and intelligent technologies to improve lead times and service levels. SAP provides solutions that increase business agility to respond effectively to market needs with integrated supply chain planning software. Solutions like SAP Integrated Business Planning provides forecasting and demand management, inventory optimization, sales & operations planning, and response & supply planning.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of SAP SE are SuccessFactors (U.S.), Qualtrics (U.S.), SAP Concur (U.S.), and more.
Popular Mentions: General Electric Company, Deutsche Post DHL Group, Xilinx, Inc., Micron Technology, Inc., FedEx corporation, ClearMetal Inc. Dassault Systèmes, SE, and JDA Software Group, Inc.
Authoritative Research on the Artificial Intelligence (AI) in Supply Chain Market – Global Opportunity Analysis and Industry Forecast (2019-2027)
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