{"id":701532,"date":"2024-09-24T05:55:39","date_gmt":"2024-09-24T12:55:39","guid":{"rendered":"https:\/\/www.esri.com\/about\/newsroom\/?post_type=wherenext&#038;p=701532"},"modified":"2024-09-24T05:55:39","modified_gmt":"2024-09-24T12:55:39","slug":"ai-powered-location-data-boosts-supply-chain-maturity","status":"publish","type":"wherenext","link":"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/ai-powered-location-data-boosts-supply-chain-maturity","title":{"rendered":"AI-Powered Location Data Boosts Supply Chain Maturity"},"author":501,"featured_media":0,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"sync_status":"","episode_type":"","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_links_to":"","_links_to_target":""},"categories":[],"tags":[1741,490572,1331],"department":[476822],"wherenext-category":[],"industry":[],"class_list":["post-701532","wherenext","type-wherenext","status-publish","format-standard","hentry","tag-ai","tag-responsible-sourcing","tag-supply-chain","department-data-and-ai"],"acf":{"short_description":"Uncovering the best practices of companies that use AI-powered GIS to improve supply chain resilience","pdf":{"host_remotely":false,"file":"","file_url":""},"flexible_content":[{"acf_fc_layout":"content","content":"The most mature supply chains are not only more resilient but also 23 percent more profitable than their peers, according to <a href=\"https:\/\/www.businesswire.com\/news\/home\/20240708776537\/en\/Companies-with-Next-Generation-Supply-Chain-Capabilities-Achieve-23-Greater-Profitability-Shows-New-Research-from-Accenture\">recent research<\/a> from Accenture."},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Left","content":"<strong>Snapshot<\/strong>: A new report says companies with mature supply chains are 23 percent more profitable than their peers. But not many have earned that title.","snippet":""},{"acf_fc_layout":"content","content":"These companies are investing in next-generation capabilities like generative AI and machine learning at four times the rate of others, the IT consulting firm says in its report, <a href=\"https:\/\/www.accenture.com\/us-en\/insights\/supply-chain\/driving-reinvention-mature-supply-chain-networks\"><em>Next stop, next-gen<\/em><\/a>. As a result, they are becoming better equipped to respond to disruptions in today\u2019s dynamic global environment.\r\n\r\nHowever, only 10 percent of companies have attained a high level of supply chain maturity, Accenture found. This could be due to the significant challenges organizations face in the current landscape.\r\n\r\nTo tackle two paramount supply chain challenges\u2014<a href=\"https:\/\/www.esri.com\/en-us\/lg\/publications\/a-new-roadmap-for-risk-and-resilience\">climate risk<\/a> and <a href=\"https:\/\/www.nytimes.com\/paidpost\/esri\/how-industry-leaders-are-harnessing-the-power-of-geospatial-technology.html\">responsible sourcing<\/a>\u2014leading companies are using the AI-enhanced location intelligence of a geographic information system (GIS). Armed with superior location insights, they are building supply networks that are not only more resilient but also more sustainable.\r\n<h3><strong>Building Supply Chain Maturity with Geospatial Technology <\/strong><\/h3>\r\nClimate change has made extreme weather events <a href=\"https:\/\/science.nasa.gov\/climate-change\/extreme-weather\/\">more common<\/a>, compromising transportation routes, damaging infrastructure, and idling production facilities."},{"acf_fc_layout":"image","image":701202,"image_position":"left","orientation":"horizontal","hyperlink":"https:\/\/www.esri.com\/en-us\/webinars\/publications\/wherenext-webcast-13-location-insight-across-the-enterprise?aduc=Organic&sf_id=7015x000000j5crAAA&adut=G5485679_&aduco=housead&aduca=BRWhereNext&utm_id=7015x000000j5crAAA&adum=OrganicVisits&utm_campaign=BRWhereNext&utm_source=Organic&utm_medium=OrganicVisits"},{"acf_fc_layout":"content","content":"The world\u2019s ports are critical transportation hubs that often bear the brunt of severe weather. To monitor conditions in worldwide shipping channels, companies are using GIS technology with AI to analyze near real-time satellite data. The <a href=\"https:\/\/www.esri.com\/en-us\/location-intelligence\/overview\">location intelligence<\/a> this produces helps companies manage climate risks and anticipate how changing weather patterns might affect the movement of goods through vital links in their supply networks.\r\n\r\nThe <a href=\"https:\/\/www.esri.com\/about\/newsroom\/podcast\/creating-a-resilient-global-supply-chain\/\">International Monetary Fund (IMF)<\/a> leverages advanced geospatial capabilities to give business leaders early insight into potential supply chain disruptions. IMF\u2019s <a href=\"https:\/\/www.esri.com\/en-us\/lg\/industry\/logistics-distribution\/stories\/portwatch-case-study\">PortWatch<\/a>, an open platform leveraging GIS and satellite data, monitors more than 100,000 ships and 1,400 ports around the globe. It gives users near real-time supply chain updates\u2014as well as the ability to simulate impacts of port disruptions on global trade.\r\n\r\nWith this visibility, affected organizations can activate contingency plans that lessen the financial and economic impacts of a disruption\u2014a key indicator of supply chain maturity.\r\n<h3><strong>Responsible Sourcing with Advanced Analytics<\/strong><\/h3>\r\nGIS technology and <a href=\"https:\/\/www.esri.com\/en-us\/capabilities\/imagery-remote-sensing\/capabilities\/content\">satellite imagery<\/a> can also play a pivotal role in building more sustainable supply chains. The demand for responsible sourcing has forced companies to become more transparent and strengthen traceability to ensure that materials, products, and services meet ethical and sustainability standards."},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Right","content":"<strong>Related Read:<\/strong>\r\n\r\n\/\/ Previewing <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/supply-chain-simulation\/\">tomorrow\u2019s supply chain<\/a>","snippet":""},{"acf_fc_layout":"content","content":"One of the world's largest <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/a-smarter-supply-chain-helps-international-paper-track-sustainability-goals\/\">packaging and pulp companies<\/a> is leveraging these technologies for detailed oversight of timber tracts and suppliers. The company uses advanced analytics to assess environmental risks, develop <a href=\"https:\/\/www.esri.com\/en-us\/webinars\/publications\/wherenext-webcast-nature-of-business\">biodiversity protection plans<\/a>, and ensure sustainable logging practices.\r\n\r\nIt\u2019s among a cohort of companies embracing AI-infused GIS software to monitor supply chains and mitigate damage to natural resources. Greater transparency allows these companies to build smarter supply chains that help protect biodiversity, reduce <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/nexttech-seeing-carbon-emissions\/\">carbon footprints<\/a>, and enhance credibility with customers and stakeholders.\r\n\r\nCompanies looking to boost their supply chain maturity are using advanced analytics and AI-driven location intelligence to spot vulnerabilities. With that visibility, they\u2019re strengthening resilience and reducing the financial risks of volatility by quickly adapting to changes in their supply networks."}],"references":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.9 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Chain Maturity in Focus as Report Points to Profits<\/title>\n<meta name=\"description\" content=\"Profits are greater for companies with high supply chain maturity, but few are in that class, a report finds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/ai-powered-location-data-boosts-supply-chain-maturity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI-Powered 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