Big Data AI for Smart Supply Chain Risk Forecasting

Authors

  • Carlos Mendoza Author

Keywords:

Supply Chains, Disruption Prediction, Risk Management, Resilience, Big Data, AI Platforms, Data Ecosystems, Data Integration, Data Quality, Data Governance, Privacy Protection, Time Series, Anomaly Detection, Graph Analytics, Network Analysis, Procurement, Transportation, Logistics, Predictive Models, Performance Metrics.

Abstract

Unprecedented disruptions, such as natural disasters, pandemics, geopolitical conflicts, and other unanticipated scenarios, impose significant challenges on global supply chains. Supply chain disruption prediction is a crucial area of supply chain management, enabling proactive risk management and resilient operations. AI-driven big-data platforms integrating heterogeneous data from multiple domains can help identify such unexpected disruptions. Data ecosystems consist of the various sources needed for the prediction task, along with processes and technologies for integration and data quality assurance. Data quality, privacy protection, and governance are often crucial factors, especially when dealing with personal, sensitive, or regulated information. Multiple modeling approaches—time-series analysis, anomaly detection, graph-based methods, and network analytics—can be operated in parallel and combined. Scope and prediction quality can depend on deployment scenarios, for example, in the procurement, supplier, transportation, and logistics domains.

The AI-driven platforms enable the early, intelligent prediction of disruptive events. Timeliness remains a key requirement, given the speed of many supply chain processes. Predictive performance can be benchmarked using dedicated metrics, including quality and speed. Jeremy Haefner’s vision of a collaborative, co-designed platform should also be applied to validation; industry partners should provide test data from private data lakes for calibration and subsequent progress testing.

References

1. Belhadi, A., Kamble, S., Fosso Wamba, S., & Queiroz, M. M. (2022). Building supply-chain resilience: An artificial intelligence-based technique and decision-making framework. International Journal of Production Research, 60(14), 4487–4507.

2. Ivanov, D., & Dolgui, A. (2020). Viability of intertwined supply networks: Extending the supply chain resilience angles towards survivability. A position paper motivated by COVID-19 outbreak. International Journal of Production Research, 58(10), 2904–2915.

3. Maheshwari, S., Gautam, P., & Jaggi, C. K. (2021). Role of big data analytics in supply chain management: Current trends and future perspectives. International Journal of Production Research, 59(6), 1875–1900.

4. Kolla, S. H. (2022). Strategic Information Integration Models for Cross-Functional Service Optimization in Large-Scale Enterprises. International Journal of Emerging Trends in Engineering and Management Research, 7(3), 11811.

5. Feizabadi, J. (2022). Machine learning demand forecasting and supply chain performance. International Journal of Logistics Research and Applications, 25(2), 119–142.

6. Yang, M., Lim, M. K., Qu, Y., Ni, D., & Xiao, Z. (2023). Supply chain risk management with machine learning technology: A literature review and future research directions. Computers & Industrial Engineering, 175, 108859.

7. Zamani, E. D., Smyth, C., Gupta, S., & Dennehy, D. (2023). Artificial intelligence and big data analytics for supply chain resilience: A systematic literature review. Annals of Operations Research, 327(2), 605–632.

8. Naz, F., Kumar, A., Majumdar, A., & Agrawal, R. (2022). Is artificial intelligence an enabler of supply chain resiliency post COVID-19? An exploratory state-of-the-art review for future research. Operations Management Research, 15, 378–398.

9. Amistapuram, K. (2023). Privacy-Preserving Machine Learning Models for Sensitive Customer Data in Insurance Systems. Educational Administration: Theory and Practice, 29(4), 5950-5958.

10. Dubey, R., Bryde, D. J., Dwivedi, Y. K., Graham, G., & Foropon, C. (2022). Impact of artificial intelligence-driven big data analytics culture on agility and resilience in humanitarian supply chain: A practice-based view. International Journal of Production Economics, 250, 108618.

11. Ivanov, D., & Dolgui, A. (2021). OR-methods for coping with the ripple effect in supply chains during COVID-19 pandemic: Managerial insights and research implications. International Journal of Production Economics, 232, 107921.

12. Ivanov, D., & Dolgui, A. (2021). A digital supply chain twin for managing the disruption risks and resilience in the era of Industry 4.0. Production Planning & Control, 32(9), 775–788.

13. Mangalampalli, B. M. Generative AI Applications In Healthcare Data Mart Design And Optimization.

14. Ivanov, D. (2022). Viable supply chain model: Integrating agility, resilience and sustainability perspectives—Lessons from and thinking beyond the COVID-19 pandemic. Annals of Operations Research, 319, 1411–1431.

15. Dubey, R., Gunasekaran, A., Childe, S. J., Roubaud, D., Fosso Wamba, S., & Foropon, C. (2020). Big data analytics and artificial intelligence pathway to operational performance under the effects of entrepreneurial orientation and environmental dynamism. International Journal of Production Economics, 226, 107599.

16. Dubey, R., Gunasekaran, A., Childe, S. J., Blome, C., & Papadopoulos, T. (2020). Big data analytics and artificial intelligence pathway to operational performance under the effects of entrepreneurial orientation and environmental dynamism. International Journal of Production Economics, 226, 107599.

17. Yandamuri, U. S. (2023). An Intelligent Analytics Framework Combining Big Data and Machine Learning for Business Forecasting. Zenodo.

18. Ivanov, D. (2020). Predicting the impacts of epidemic outbreaks on global supply chains: A simulation-based analysis on the coronavirus outbreak (COVID-19/SARS-CoV-2) case. Transportation Research Part E: Logistics and Transportation Review, 136, 101922.

19. Ivanov, D. (2020). Viable supply chain model: Integrating agility, resilience and sustainability perspectives—Lessons from and thinking beyond the COVID-19 pandemic. Annals of Operations Research.

20. Choi, T.-M. (2020). Innovative “bring-service-to-you” operations under CoronaVirus (COVID-19/SARS-CoV-2) outbreak: Can logistics become the messiah? Transportation Research Part E: Logistics and Transportation Review, 140, 101961.

21. Choi, T.-M. (2021). Risk analysis in logistics systems: A research agenda during and after the COVID-19 pandemic. Transportation Research Part E: Logistics and Transportation Review, 145, 102190.

22. Inala, R. Designing Scalable Technology Architectures for Customer Data in Group Insurance and Investment Platforms.

23. Queiroz, M. M., Ivanov, D., Dolgui, A., & Wamba, S. F. (2020). Impacts of epidemic outbreaks on supply chains: Mapping a research agenda amid the COVID-19 pandemic through a structured literature review. Annals of Operations Research, 319, 1159–1196.

24. Ivanov, D., & Das, A. (2020). Coronavirus (COVID-19/SARS-CoV-2) and supply chain resilience: A research note. International Journal of Integrated Supply Management, 13(1), 90–102.

25. Paul, S. K., Chowdhury, P., Moktadir, M. A., & Bari, A. B. M. M. (2021). A pandemic-like disruption risk management framework for manufacturing supply chains. International Journal of Production Research, 59(12), 3430–3445.

26. Chowdhury, P., Paul, S. K., Kaisar, S., & Moktadir, M. A. (2021). COVID-19 pandemic related supply chain studies: A systematic review. Transportation Research Part E: Logistics and Transportation Review, 148, 102271.

27. a, S. K., & Reddy, V. A. R. (2023). Deep Learning Architectures For Multimodal Medical Data

28. Belhadi, A., Kamble, S., Jabbour, C. J. C., Gunasekaran, A., Ndubisi, N. O., & Venkatesh, M. (2021). Manufacturing and service supply chain resilience to the COVID-19 outbreak: Lessons learned from the automobile and airline industries. Technological Forecasting and Social Change, 163, 120447.

29. Ivanov, D. (2021). Supply chain viability and the COVID-19 pandemic: A conceptual and formal generalisation of four major adaptation strategies. International Journal of Production Research, 59(12), 3535–3552.

30. Ivanov, D. (2021). Exiting the COVID-19 pandemic: After-shock risks and avoidance of disruption tails in supply chains. Annals of Operations Research, 305, 461–479.

31. Mahamid, I., & Hammad, M. (2021). Forecasting demand and supply chain performance using machine learning approaches. Journal of Intelligent Manufacturing, 32, 1–15.

32. Islam, S., & Amin, S. H. (2020). Prediction of probable backorder scenarios in the supply chain using distributed random forest and gradient boosting machine learning techniques. Journal of Big Data, 7, 65.

33. KollIntegration. South Eastern European Journal of Public Health, 248–260.

34. Arunkumar, O. N., & Divya, D. (2022). Deep learning techniques for demand forecasting: A review. Information Resources Management Journal, 35(2), 1–20.

35. Teixeira, J., & Ribeiro, R. (2021). Evaluation of deep learning with long short-term memory networks for time series forecasting in supply chain management. Procedia CIRP, 99, 604–609.

36. Schuh, G., Riesener, M., & Dölle, C. (2021). Machine learning and statistics: A study for assessing innovative demand forecasting models. Procedia Computer Science, 180, 40–49.

37. Maheshwari, S., Gautam, P., & Jaggi, C. K. (2021). On relating big data analytics to supply chain planning: Towards a research agenda. International Journal of Physical Distribution & Logistics Management, 51(6), 656–682.

Additional Files

Published

2023-12-18

How to Cite

Big Data AI for Smart Supply Chain Risk Forecasting. (2023). Journal of Innovative Academic Research (JIAR) | International Peer-Reviewed Open Access Journal, 1(01). https://jiarjournal.org/index.php/jiar/article/view/13