In an article for Supply & Demand Chain Executive magazine, Altana Chief Science Officer Peter Swartz writes that uncertainty and upheaval in global trade creates an opportunity for unity and cohesion among its players, via the adoption of a "common source of truth constructed and maintained by artificial intelligence and a dependable, flexible platform to serve as a forum."
"The global production system comprises hundreds of millions of companies and billions of transactions each year, and a single multinational corporation can work with tens and even hundreds of thousands of trading partners and dozens of regulators across the world," he wrote.
"That's far too many for supply chain executives and compliance teams to handle manually, so companies will come increasingly to rely on advances in artificial intelligence and networked platforms to manage their products’ value chains. Those advances will enable suppliers, customers and regulators to collaborate across their networks, building trust and facilitating compliance in a dynamic and increasingly complex trade environment."
