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How tech can build more resilient supply chains

Over the past two years, the world render order has been hit with two major turmoils: the United States-China trade war and, more cataclysmically, COVID-1 9.

When Reefknot Investments launched its $50 million store for logistics and supply series startups last September, the industry was already dealing with the effects of the tariff war, says managing director Marc Dragon. Then a few months later, the COVID-1 9 crisis began in China before spreading to the rest of the world, disrupting the furnish chain on an unprecedented scale.

Almost all industries have been affected, from nutrient, consumer goods and medical supplies to hardware.

Reefknot, a seam gues between Temasek, Singapore’s sovereign fund, and world logistics company Kuehne+ Nagel, focuses on early-stage tech corporations that use AI to solve some of the quantity chain’s most pressing problems, including threat calculating, financing and tracking goods around the world.

In March, around the time the World Health Organization declared the COVID-1 9 crisis a pandemic, Reefknot surveyed nine shippers about the new challenges they are experiencing. While there are other macroeconomic parts at toy, including Brexit and the oil price war, the survey’s central focus was on the combined effect of COVID-1 9 and the U.S.-China trade war on the furnish bond and logistics industry.

According to the study, the most important thing shippers crave is the possibility of dynamically control supply series threats and operations and optimize cash flow between corporate customers and their suppliers, who are more likely struggle with working capital.

Many of the current answers is set out in the equip series involve a lot of manual projects, including spreadsheets to predict demand, phone calls to confirm capacity on planes and carries and checking goods to make sure lineups is fully implemented properly.

Read more: feedproxy.google.com

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