Economic value created by AI in the global supply chain is expected to reach $1.3 trillion over the next 20 years

Economic value created by AI in the global supply chain is expected to reach $1.3 trillion over the next 20 years

CE-Ventures, hosted the region's first-ever Supply Chain Tech Summit – 'Forging the Tech-Driven Future'. Topics related to robotics, artificial intelligence, and the opportunities modern technology and venture capital hold for the future of global supply chains were discussed in detail during the Summit. The Summit’s welcoming remarks were given by Tushar Singhvi, Deputy CEO and Head of Investments at Crescent Enterprises, where he set the stage for the day's discussions by emphasising the importance of technology in driving transformation and growth in the supply chain industry, and the role the UAE has played in fostering an ecosystem of innovation. “The market size and growth of AI in the supply chain have been remarkable. According to recent reports, the potential economic value created by AI in the global supply chain is expected to reach US$1.3 trillion over the next 20 years. He continued: “By hosting the Supply Chain Tech Summit, CE-Ventures aims to showcase innovative tech-enabled solutions, foster collaborations, and provide a platform for industry leaders, startups, and investors to exchange ideas and drive advancements in supply chain technology.” The keynote session, by Damion Shelton, CEO of Agility Robotics, a US based company developing robots that work alongside people in warehouses,