Kevin Beasley

Enterprise Resource Planning (ERP) systems have long been the backbone of operational efficiency for businesses, streamlining everything from inventory to finance. As companies face increasing complexity and competition, the need for smarter, faster, and more adaptable systems has become crucial. This is where AI-powered ERP comes in.

By integrating Artificial Intelligence (AI) into ERP systems, organizations can go beyond basic automation to unlock predictive analytics, intelligent process automation, and real-time insights.

The Internet of Things (IoT) has become a driving force behind digital transformation across various industries, and its impact is particularly noticeable in cold storage management. IoT-enabled systems offer real-time environment monitoring, automation, and data collection, which significantly enhance the operational efficiency of cold storage facilities.

For years, many businesses have struggled to grasp the benefits that Artificial Intelligence (AI) can provide. AI seemed too new and unproven to many of them, and at the time appeared more like technology that required a data scientist rather than a typical IT worker.

Ransomware is considered a major danger to the cold food chain from a digital standpoint. Businesses find it more difficult to transport goods when computer systems are locked down, and waste is more likely. The Department of Homeland Security reports that in the first half of 2023 alone, ransomware criminals extorted at least $449.1 million.

There's a good chance that soon, cybersecurity risk may increase in scope. Several of the mid-market businesses that represent the backbone of the food supply chain are growing their digital footprints for several reasons, some of which are competitive and others of which are in response to regulatory mandates. This implies that the attack surface will increase.

Maintaining open lines of communication, managing vendor relationships, and creating contracts are just a few of the duties that go into creating a vendor management process that, when done correctly, encourages business expansion and optimizes operations. All the activities and projects that support vendor relationships, provide dependable supply chains, and enhance production cycles are collectively referred to as vendor management.

In an article I wrote for Forbes, I mentioned that many e-commerce businesses built new warehouses to meet demand during the pandemic. Once established, however, operators encountered a new challenge: labor scarcity, which 57% of supply chain executives believe has "hindered their ability to meet demand." That shortage persists and many logistics professionals are turning to warehouse automation technology to help retain employees they have and increase their productivity.