Episode 3 - Building the Future: Tackling Construction Supply Chain Challenges with Blockchain and AI
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Episode 3 - Building the Future: Tackling Construction Supply Chain Challenges with Blockchain and AI
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In this episode of Fix Supply Chain, Fix the World, host Alan Stark delves into the transformative role of Blockchain and AI in addressing the long-standing challenges in construction supply chains. He discusses how these technologies are revolutionizing processes by enhancing transparency, security, and efficiency in the procurement and delivery of materials. Blockchain enables real-time tracking, fraud prevention, and the use of smart contracts, while AI helps optimize inventory management and production schedules through predictive analytics. Alan also highlights the growing importance of ethical sourcing and sustainability, with companies using these technologies to track the origin and environmental impact of materials.
The episode includes real-world success stories, such as Vinci's use of Blockchain to streamline its supply chain and the application of AI by U.S. firms Turner and Bechtel to improve inventory management. Alan addresses challenges like the cost of adoption, resistance to change, and the learning curve, but emphasizes that the potential for improvement in the industry is vast.
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