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Robotics, artificial intelligence and the opportunities that modern technology and venture capital present for the future of global supply chains were discussed at the inaugural Supply Chain Technology Summit in Dubai.
Organized by CE-Ventures, the corporate venture capital platform of Crescent Enterprises, a UAE-based leading global diversified corporation, the theme of the summit was “Building a Technology-Driven Future”. It takes place on Wednesday 24 May 2023 at Grosvenor Towers in Dubai.
Tushar Singhvi, Deputy Chief Executive Officer and Head of Investments, Crescent Enterprises said: “The market size and growth of artificial intelligence in supply chains is very significant. According to recent reports, the potential economic value created by artificial intelligence in global supply chains in the next 20 years is expected to will reach $1.3 trillion.The exponential growth of supply chain technology clearly demonstrates the importance of the industry and the transformative role of technology in its transformation.
cutting edge solution
“As global trade and logistics continue to evolve, businesses are increasingly relying on cutting-edge solutions to optimize operations, improve efficiency and increase profitability. While the summit is global in nature, the MENA region is the host of supply chain A fitting location for a technology summit, especially the UAE, where a mix of diverse industries and cutting-edge technologies creates an ideal environment to foster innovation and advance supply chain solutions.
“The UAE’s geographic advantages, combined with visionary leadership, propel the country to the forefront of global trade and commerce, attracting multinational corporations and forward-thinking entrepreneurs seeking to capitalize on the vast opportunities it has to offer.”
He continued: “By holding the Supply Chain Technology Summit, CE-Ventures aims to showcase innovative technology-enabled solutions, foster collaboration, and provide a venue for industry leaders, start-ups and investors to exchange ideas and advance supply chain technology. platform. “
Unlocking the Potential of Robots in the Supply Chain
The keynote, led by Damion Shelton, CEO of US company Agility Robotics, which develops robots that work alongside humans in warehouses, explored the transformative power of robotics and automation, and the need for solutions that are human-centric and multi-purpose. His insights into the potential impact of robotics on the supply chain industry captivated the audience and set the tone for the ensuing panel discussion.
Regarding Agility Robotics’ contributions to the supply chain technology space, Damion said, “Our mission at Agility Robotics is to build robotic partners to augment the human workforce. Our robot Digit is the first human-centric multipurpose robot for logistics work.” Digit is designed to go where people go and do useful work safely in spaces designed for people, starting with bulk material handling in warehouses and distribution centers. We are excited to be participating in CE-Ventures Supply Chain technology summit and discuss the role of automation and artificial intelligence in shaping the future of supply chain operations.”
Harnessing the Opportunities of Supply Chain Evolution
The first panel discussion of the day focused on the challenges and opportunities that traditional supply chain companies face as they adapt to the changing operational and technological environment. Session moderated by Charupriya Chahal, Director CE-Operates, Crescent Enterprises, Abdulla Al Hashimi, COO Parks and Regions, DP World, Andrew Hoad, Chief Commercial Officer, Gulftainer, Paul J. Gallie, AP Portfolio Director, Moller Capital and ALG Transport & Infrastructure Senior Programs Manager Gustavo Lacetera, each discussing their unique perspectives from their long standing in the supply chain industry, as well as insights into key strategies and best practices for modernizing and optimizing legacy supply chains to meet future demands. Andrew Hoad, Gulftainer Chief Commercial Officer, said: “This is an exciting time as we witness the digital revolution shaping the supply chain industry.
“Industries around the world are embracing digitalization and companies are evolving into IT-centric entities offering unique products and services. At Gulftainer, we are fully committed to our digital business transformation strategy. We are excited to be part of this event , which embodies the intensity and dynamic environment necessary to move our transformational process forward.”
transformative future
The second panel discussion of the day explored the future of transformative technologies for the supply chain and how emerging technologies such as artificial intelligence (AI) and robotics will impact and revolutionize the industry. Moderated by Karthee Madasamy, Founding Managing Partner, MFV Partners, the panel included Fadi Amoudi, Founder and CEO, IQ Fulfillment, Gaurav Biswas, Founder and CEO, Trukker, Nissrine Elqobai, Co-Founder, ENY Consulting and Supply Chain & Logistics, Roche, He offers insights into cutting-edge trends, tools, and practices that are shaping and disrupting the industry.
Discussing examples provided by businesses enabled by supply chain technology, Fadi Amoudi, founder and CEO of IQ Fulfillment, said: “Our aim is to empower businesses in the region by transforming how they operate and enabling them to thrive in the e-commerce space. Capabilities. Our robotic automation solutions are applicable to a wide range of industries. Through our consulting services, we guide enterprises through their transformation journey. We are introducing new models that combine operational excellence and robotic transformation knowledge to provide solutions that adapt to changing business needs. long-term solution”
The Future of Last Mile Delivery
The third panel discussed the critical role of technology in optimizing last-mile delivery, which is often considered the most important link in the supply chain. Launched by Kushal Shah, Managing Director, Corporate Ventures, e& Capital, Ashish Jain, Panelist, Ashish Jain, CFO, Careem, Nader Museitif, CIO, Lyve Global, Naveen Joseph, Co-Founder, iMile, and Rodrigue Nacouzi, CEO & CEO Al Transcorp delves into the latest innovations and best practices for streamlining last-mile delivery, and the key challenges and opportunities businesses face as they seek to meet growing consumer demand for fast and reliable delivery.
Commenting on some of the challenges facing last-mile logistics, Transcorp CEO and Founder Rodrigue Nacouzi said: “Logistics technology alone cannot solve last-mile challenges. Proper integration with artificial intelligence and human intelligence, as well as machine learning Adoption is critical to optimal performance. Developing algorithms and models based on historical data and trends is key to unlocking the fullest potential of the technology.”
Venture Capital and the Development of Supply Chain Technology
The final panel discussed the growing role of venture capital in the development and evolution of supply chain technology. Moderated by Tushar Singhvi, panelist Abdulaziz Shikh Al Sagha, General Partner, BECO Capital, Anand Prasanna, Managing Partner, Iron Pillar, Nader Bekhouche, Senior Head, Investments (Growth Equity), Dubai Investment Corporation, and Walid Mansour, Co-CEO, Middle East Venture Partners (MEVP) shared their thoughts on the current state of supply chain technology venture capital, and the challenges and opportunities facing startups and investors as they seek to navigate a rapidly changing industry.
“The supply chain industry is undergoing a digital revolution with an influx of software applications driving its transformation,” said Walid Mansour, co-CEO of Middle East Venture Partners (MEVP). “We invest in companies that are driving this transformation, These include software-as-a-service, artificial intelligence, and fintech applications. As the industry evolves, we anticipate a smarter, data-driven future, especially in the region.” — trade arab news agency
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