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Revolutionizing Malaysia’s supply chain with GenAI
In the post COVID-19 era, leading global and regional corporates are accelerating their transformation strategies to step up their operational efficiencies and reduce organizational vulnerabilities. Among their key transformation solutions is generative AI (GenAI) which boosts technical efficiencies, predicts future demands, and finds cost-effective solutions. GenAI also spurs the creation of innovative solutions and provides a holistic view of the supply chain, allowing for more efficient and agile operations
In Malaysia, a recent survey by EY found that nine out of 10 (91%) companies opined that GenAI has significant potential to reinvent supply chains compared to 80% of their global peers.
With the ongoing geopolitical market uncertainties, it is critical for companies to commence their adoption of GenAI which can facilitate autonomous, efficient and resilient operations particularly when responding to the risks and opportunities of supply chain demands.
To implement GenAI in supply chain, companies should consider the following measures:
- Develop a phased GenAI adoption roadmap with current and future use cases.
- Leverage cloud technologies for faster deployments and scalability.
- Upskill the workforce with the best GenAI platforms, tools and cross-functional collaboration.
New channels, short product lifecycles and intense competition are disrupting businesses and their supply chains. To compete, leaders are leveraging disruptive technologies to transform and strengthen their businesses through GenAI investments