How can we eliminate single points of failure in global supply chains?
Image credit: Photo by Sascha Hormel: https://www.pexels.com/photo/shallow-focus-photography-of-black-ship-1095814/
Contrived _voiceApr 21, 2022
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How can we make large interconnected global supply chains that are self-correcting so that a failure in a single point can be compensated for before it affects the rest of the network?
The pandemic brought about one of the largest shifts in the way we get goods. The rise in accessibility of products due to online shopping and e-commerce in general is already straining existing supply chain frameworks. To catch up to demand we are building bigger ports and bigger ships which is great. Bigger ships allow more cargo per cost of fuel which makes the end retail price cheaper and also leaves a smaller carbon footprint.
But this growth in scale and complexity means that a single point of failure could bring the entire chain to a standstill. Halting all related businesses and causing large financial losess.
Case study: The Suez crisis
In march 2021 a large cargo ship, the evergiven ran aground in the suez canal. A single ship running aground blocked the path of 12% of the entire planet's global trade leading to tremendous losess and compensation claims .
A timeline of events shows the ripple effects of that single failure.
AI-powered autonomous robotic transportation network that doesn't belong to any nation
Darko SavicApr 26, 2022
AI-operated, independent, international transportation network comprised of fully autonomous, self-loading ships, trucks, drones, etc. The AI handles all the world's cargo so that people don't have to. The network doesn't belong to any nation and is governed by the UN.