In today’s global economy, supply chains are like intricate puzzles. But what happens when a piece goes missing or is broken? Recent events, such as conflicts and blockages, have shown us how easily these chains can be disrupted. That’s where Artificial Intelligence (AI) steps in.

Dr. Sarah Schiffling, from Hanken School of Economics, explains how the groundbreaking algorithm in the ReMuNet Project is set to revolutionize global supply chains!

Here’s why it matters:

Why Supply Chains Need Help: The Ukraine war and the Suez Canal blockage serve as stark reminders of the fragility of modern supply chains. In a world where goods are sourced, manufactured, and distributed across different countries and continents, a disruption in one part of the supply chain can have cascading effects. This vulnerability has prompted experts to seek more resilient and adaptive solutions.

AI to the Rescue: Artificial Intelligence, with its capacity for data analysis and predictive modeling, has emerged as a potential game-changer for supply chain management. AI algorithms can process vast amounts of data in real-time, identify potential disruptions, and suggest alternative courses of action, enabling companies to respond swiftly to unforeseen events. ReMuNet is at the forefront of harnessing AI’s power to make supply chains more robust. Dr. Sarah Schiffling and her team have developed an algorithm that not only predicts disruptions but also recommends strategies to mitigate their impact.

The ReMuNet Project: This  algorithm has the potential to revolutionize how supply chains operate. By enhancing the industry’s ability to anticipate and manage disruptions, it can minimize downtime, reduce costs, and improve the overall resilience of supply chains. Dr. Schiffling’s video explains how this AI magic works and how it’s going to change supply chains for the better, on the Interview Stage at the science communication and networking event Science Night LIVE! at Heureka on 29 March 2023.