JLR said on Monday that it has teamed up with supply chain mapping and risk analytics company Everstream Analytics. This partnership will integrate artificial intelligence into the system of the British luxury carmaker to help prevent future troubles with the world’s supply.

According to JLR, the new AI technology will enable it to monitor its supply chain in real-time and safeguard the production of its existing models and upcoming electric vehicle (EV) models.

“Through our collaboration with Everstream Analytics, we are harnessing the power of AI to proactively manage risks before they cause disruption to production,” JLR’s executive director for industrial operations Barbara Bergmeier said in a statement.

It claimed that the system plots emerging occurrences, such as natural disasters, strikes, data breaches, and export concerns on a global map using a combination of AI, predictive analytics, machine learning, and human intuition.

An increasing number of startups and well-established logistics companies have developed a multi-billion dollar sector to apply AI and machine learning to assist businesses reduce disruption in a post-pandemic world full of supply chain snarls.

A worldwide shortage of semiconductor chips has led major automakers to reduce production of several models particularly hard on JLR.

In the most recent quarter, the automaker was again profitable and was responsible for two thirds of Tata’s overall sales.

(Adapted from Nasdaq.com)

Categories: Creativity, Economy & Finance, Entrepreneurship, Regulations & Legal, Strategy, Uncategorized