JONATHAN E. SAVOIR

Co-founder, CEO, Quincus

With the demand for logistics increasing during the pandemic, it is more critical for industry players to scale up, leading to an uptake in supply chain and logistics technology demand. Quincus is scaling up rapidly in terms of both technology and talent. Advanced technology, especially Artificial Intelligence (AI), will help transform the supply chain industry and optimize business activities in the near future. There is far more data being generated now than ever before, and much of it is difficult for traditional technologies to process. AI-driven optimization algorithms can process data and draw insights that assist with global optimization for a shipment from Singapore to San Francisco, making the shipments faster and more reliable while saving time and resources. Further investment in advanced automation and optimization accelerates customers’ response times to changes in demand and supply. Technology must adapt such that businesses can manage their supply chain more effectively without relying on labor or physical space. This is even more meaningful in the current situation where the global supply chain faces a capacity crunch and labor shortage.