Rising competition, unexpected crises, and evolving consumer habits have ushered in the need for manufacturers to adopt innovative solutions. Artificial intelligence (AI), machine learning (ML), and advanced analytics have been used across a multitude of industries including oil and gas, power generation, national defense, and many others. McKinsey & Company believes that AI can have a major impact on supply chain management and manufacturing (compared to service operations, product development, and other areas). Within the consumer packaged goods (CPG) sector specifically, this represents $200-500 billion in potentially increased value.
