Guest: Siddharth Priyesh of CrimsonLogic on battling supply chain inflation and high interest rates; New research shows a lack of AI use in logistics; The progress of digitalization throughout transportation

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February 9, 2024 • 17 mins

Our guest on this week's episode is Siddharth Priyesh, vice president and head of the Americas and Caribbean regions at CrimsonLogic. All businesses have been affected by increasing inflation and the high interest rates that have been set to curb that inflation. It has caused some sectors to suffer worse than others. Transportation has been one of the industries hit the hardest with higher costs. Will those impacts continue during the year, and what can businesses do to lessen the pain?

Transportation and logistics professionals in the United States and Europe say their companies are coming up short in three areas that get a lot of attention in business circles these days: artificial intelligence (AI), sustainability, and supply chain visibility. That’s according to a recent study from location data and technology firm Here Technologies, released this week. We share the details of the research and what it means to supply chain management.

One of the biggest buzzwords of the past couple years has been digitalization. But in the waves of new technology we see all the time, it to can be hard to keep track of exactly what that means. And are we there yet? Are we digitalized? This week, we saw two stories that give an idea of a progress report on that question, specifically in the area of transportation. We share the details.

CSCMP's Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.

Articles and resources mentioned in this episode: