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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. Even though,the black swan events are often inappropriately rationalised after the fact with the benefit of hindsight.

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Top Events That Shaped 2021 Supply Chains

Turvo

This year’s increased COVID-19 instances, extreme weather events, and Suez Canal closure increased the difficulties. Staff in Shanghai Pudong, for example, were required to work for seven days, quarantined at a hotel for seven days, and then quarantined at home for seven days more.

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[Video] Tariffs, Trade, and the Global Supply Chain

Talking Logistics

Can you share some examples of how leading companies are addressing emerging supply chain risks like these proposed tariffs? How would you complete the following statement: “Your supply chain organization will be in the best position to respond effectively to whatever changes or events occur in the future if…[what]?”.

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Beyond Fleet Telematics: Video Keeps an Eye on Fleet Driver Safety

IoT World Today

Video monitoring of driver behavior is adding a new level of awareness to help enhance driver safety, and potentially save companies money. The deployment of connected cameras and video analytics platforms comes as many large U.S. Putting more video cameras inside cabs and other places on fleet vehicles may be the next natural step.

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The AI Wars: Battlefronts, Breakthroughs, and the New Era of the Industrial AI (R)Evolution

Logistics Viewpoints

OpenAI’s “12 Days of OpenAI” event showcased its continued efforts to enhance its competitive position in the AI market. Key announcements from the event include: Introduction of ChatGPT Pro : This broadened the usage of frontier AI. For example, OpenAI has received $11.3 billion in funding.

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Breaking Down Artificial Intelligence (AI)

Trinity Logistics

The conference is seen as the founding event of AI. This significant event was the first widely recognized successful application of Deep Learning. There’s been a widespread adoption of Generative AI, including in writing, music, photography, even video. Shocked, Se-dol said AlphaGo played a “nearly perfect game.”

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Editor’s Choice: The TikTok Effect on Demand Planning

Logistics Viewpoints

The social network’s increase in popularity has given rise to viral trends, as user-recorded videos spike in popularity dragging certain products along with them. For example, Procter & Gamble relied on its integrated planning system and scenario planning capabilities to respond to regional disruptions during Hurricane Irma.