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The value of people in the supply chain cannot be overlooked. But where does that leave us as many new supply chain pros, raised on communication skills driven by little keyboards, enter the workforce and supplant today’s practitioners? Here’s some unsolicited and perhaps unwelcome advice. 

Read about recent publications by MIT Faculty/Professors. 

Businesses are being impacted by a global skills shortage that is hampering manufacturing output and service delivery. In addition, the costs of producing materials, manufacturing goods, and providing services is rising due to labor costs. For small to medium enterprises, this means margins may be squeezed to the point to where they can no longer compete in today’s hyper-competitive global marketplace. AI, robotics, digital transactions, and related automation provide the means for SMEs to enhance and build capabilities cost-effectively.

In a 2019 LinkedIn article, Dr. Yossi Sheffi from MIT wrote, “No self-respecting company is without a sustainability strategy, and at the center of these strategies lies the supply chain.” We’re now approaching 2024 and the focus on sustainability continues to grow, driven by many factors, including new regulations and legislation. What are the key trends and developments in this area? What actions should companies take to respond, as well as to prepare effectively for what comes next? 

AI is automating knowledge work, and the implications for the half of the U.S. workforce who are employed in such jobs are profound. It’s true that these white-collar jobs have been evolving for decades as technology has improved, but the elimination of middle-skilled jobs seems set to accelerate as AI is institutionalized in the workplace.

Artificial-intelligence software is eating the software industry, as companies turn to generative AI tools to save money on programmers. It’s a sign of what’s to come for many white-collar workers.

As of March, U.S.-based jobs on LinkedIn that mentioned GPT increased nearly 80% year over year. And, according to Crunchbase data, startups focused on AI are quickly joining The Crunchbase Unicorn Board as funding to the category speeds up.

MIT Professor Yossi Sheffi is quoted reassuring folks of a positive future with AI. It seems that for every gloomy forecast about AI in the workforce, there's a brighter outlook.

Amazon is rolling out new AI-powered technology across its warehouses to detect damaged goods in a bid to decrease the number of damaged items sent to customers and speed up the fulfillment process, The Wall Street Journal reports. Professor Yossi Sheffi is quoted. 

You've undoubtedly seen the dire predictions about how artificial intelligence will wreak havoc on the workforce. Most notably, investment bank Goldman Sachs predicts ChatGPT and similar forms of AI could trigger the loss of 300 million jobs around the world. But it seems that for every gloomy forecast about AI in the workforce, there's a brighter outlook.