agility within the supply chain . PriceSmart is committed to leveraging advanced analytics , artificial intelligence and machine learning to enhance how they forecast demand , optimise inventory , and manage logistics .
Innovative technologies like tracking and automated systems significantly enhance the ability to respond swiftly to disruptions and adapt to changing market conditions . By leveraging these advancements , processes are streamlined , visibility is improved and data-driven decision-making is supported . The company is also continuously evolving its digital and e-commerce platforms to provide its members with greater convenience and optionality , ensuring a seamless and personalised shopping experience .
“ Staying at the forefront of technology ensures that our supply chain and digital capabilities remain competitive and capable of delivering exceptional value to our members ,” Vishwanath says . “ Technology and innovation are integral to driving continuous improvement , supporting growth and achieving our strategic objectives .”
Vishwanath outlines his vision for the future of supply chain management , which centres on developing agile , efficient and sustainable ecosystems . To prepare for upcoming challenges , businesses should focus on building resilience to swiftly adapt to market changes and disruptions . This involves integrating sustainability practices by reducing carbon emissions and minimising waste . “ Effective supply
240 October 2024