Blume Global announced its new solutions to power real-time, collaborative global supply chain ecosystem. With the solutions, all participants in the global supply chain ecosystem have the ability to leverage advanced technologies such as artificial intelligence and machine learning to drive and accelerate visibility, orchestration, fulfillment and settlement across the supply chain. Blume's solutions are expected to drive innovation and growth, create new value within and across their networks and improve cost management and efficiencies.
"We are seeing a powerful convergence of trends that are simultaneously creating new opportunities and new challenges for businesses. Technological advances in machine learning, AI, intelligent robotic process automation, blockchain, big data, IoT and more, are enabling us to look at the supply chain and all the assets moving along the supply chain as a collaborative trading network that can be orchestrated and managed, and continuously improved, in real-time. At the same time, the foundational requirements around cost management, operational improvements, profit improvement and risk management remain core to supply chain leaders," says said Pervinder Johar, Chief Executive Officer, Blume Global. "Adding to this is the enormous competitive pressure that we are seeing across every industry that is on the one hand improving customer experience, and on the other simultaneously increasing pressure as demand becomes less predictable and transparent. This is driving a need for a more complete, collaborative, technology and data driven approach, from the first mile to the last mile, including the visibility, orchestration, fulfillment and settlement across all participants."
In Gartner's "The Impact of the 'Network of Networks' on the Supply Chain and What Leaders Can Do About It" report, analysts noted new possibilities for innovation with machine learning, believing that machine learning can analyze data and provide new insights into arrival times, risk and performance. Meanwhile, Blume Digital Platform enables this network of networks to make best use of machine learning-driven automation and optimization.
Blume solutions leverage IoT and other advanced technologies to match demand and supply for assets, transportation legs and truck power.