Episode 1116: Think Tank: How AI can help chemicals navigate Suez, Panama crises
Artificial intelligence (AI) can help chemical companies understand the impact of logistics events such as the Panama and Suez canal crises, as well as improve forecasting of demand and pricing. - AI can help predict impact of events on demand patterns, allocate supply to different locations- Univar Solutions uses AI to correlate weather patterns, customer order patterns to help forecast demand- ICIS uses AI to inform scenarios for price and demand forecasting- AI allows distribution customers create formulations more efficiently- AI helps customers speed up vetting of customers and pricing- AI can aid analysis of events such as the Panama Canal and Red Sea crises