Since the start of the pandemic, global supply chains have been a mess.
A ship blocking the Suez Canal, pressure from inflation, the war in Ukraine, and other global factors have converged to keep the situation difficult and uncertain.
As such, many businesses are unable to meet their customers’ demands. Others can’t afford or access crucial inputs.
As if the state of affairs in Russia and Ukraine – two of the highest-volume exporters of resources like fuel, wheat, precious metals, and other crucial supplies – weren’t enough…
Now, the recent uptick of COVID cases in China and its accompanying zero-COVID policy, which includes strict lockdowns, have further stressed supply channels.
After all, China is responsible for 12% of all global trade.
However, as is always the case, in the face of problems, startups work diligently to develop – and profit from – solutions.
One technology in particular has proved especially effective in helping remedy this crisis: artificial intelligence (AI).
Unfortunately automation and AI haven’t yet developed the ability to produce the actual wheat, fuel, palladium, or platinum (though with the rate of evolution in the field, that might not be far off).
But what it can do is anticipate problems and provide alternatives.
There are now startups – some of which valued at more than $1 billion due to the recently increased demand for their services – able to monitor global supply chains and alert clients to impending disruptions.
Logistics have always been complicated. However, in this now somehow more complicated space, the need for adroit and anticipatory maneuvering is being placed at a premium.
That’s right in AI’s wheelhouse. A human, on the other hand, would drown in that information.
Artificial intelligence allows companies to identify situations where they’re reliant on Ukraine or Russia for supplies. Not only that, this technology did so before Russia’s invasion, allowing companies to put contingencies in place to minimize the fallout.
This sort of forecasting, where companies are able to play out scenarios in full before they take place and plan off of these simulations, has become accessible purely on account of AI.
It is one of a seemingly infinite number of applications for the technology.
Where many pigeonhole the term as a bipedal robot, the fact is there is a swath of different ways in which AI, machine learning, and automation improve business processes.
You need look no further than the fact that AI is expected to contribute $15.7 trillion to the global economy within the next eight years.
And with 75% of CEO’s saying they fear their companies will fail without it, there is seemingly endless opportunity for new AI technologies to be adopted and create immense wealth for their developers.
The key for angel investors is figuring out which of those startups are worthy of attention…
And that’s precisely why Buck Jordan created his New Wave Syndicate.
AI and automation already made him a multimillionaire, and his attention in the angel investing world has been hyper-focused on this industry.
He has been on the cutting edge of automation for years, and there might be nobody better positioned to profit off of this forthcoming technological revolution.