Here are some specific ways distributors and their contractor partners can use AI and visible data to enhance interactions throughout the supply chain.

Artificial intelligence (AI) is a buzzword across industries. The global AI in Warehouse Management Market is projected to reach approximately USD 70 billion by 2033, up from USD 2.6 billion in 2023. Many companies are using AI for tasks like answering calls, generating marketing material, and managing inventory. AI will impact business operations, hiring, budgeting, and consumer behavior.

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Can AI benefit your business today? Absolutely. Do you need to rush to implement it immediately to stay ahead of your competitors? No, you don't.

Upon my initial use of ChatGPT-3, I was genuinely impressed by its capabilities and responsiveness. It seemed like a significant advancement in AI technology compared to its predecessors. What were your initial impressions when you first used it?

The Axel Springer Award is an annual event that brings together visionary thinkers and top-level decision-makers from various industries.

Artificial Intelligence (AI) is not magic. From my perspective, in the context of distributors, AI is a combination of software and data to solve, and prevent, problems. The “software” is usually a distributor’s ERP system, modified to include AI logic / formulas, and potentially interacting with CRM and e-commerce systems, and using “data.”