Boeing: improving supply chain operations in Asia-Pacific
Following plans to integrate and align its business to better serve customers, Boeing announces leading Asia-Pacific partners using its supply chain solutions.
Recent predictions from Boeing sees the commercial services market - including business and general aviation - in South East Asia reaching more than US$3.4bn in the next 20 years. Amidst this growth Boeing has signed agreements with multiple leading Asia-Pacific companies to provide aftermarket supply chain solutions.
Who are Boeing's new partners?
All Nippon Airways - consumable and expendable services for its entire fleet
Cathay Pacific - consumable and expendable services for spare parts inventory management
Evergreen Aviation Technologies Corporation (EGAT) - multi-year, tailored parts package, including comprehensive parts coverage to support maintenance, repair and overhaul operations
HAECO - expanded agreement for consumables and expendables
Xiamen Airlines - three year, tailored parts package for full fleet
KAEMS - integrated inventory management solution for consumable and expendable parts
These agreements which focus on material solutions, will provide its partners with improved inventory control and logistics flexibility within their supply chain.
As Boeing’s capacity continues to expand, William Ampofo, vice president of Global Services Supply Chain, provided comment, on its internal plans to integrate and align its operations to drive increased benefits for its customers as the industry grows. “Through our robust and growing supply chain capability, Boeing offers industry-leading distribution and repair solutions to customers across the commercial, government, business and general aviation markets. Streamlining our operations under a single brand will further strengthen the services and support our customers know and trust from Boeing, Aviall and legacy KLX Aerospace. We will work closely with customers and suppliers to help them realise the benefits of the industry’s most integrated, optimised and responsive global supply chain.”
Beyond Limits: Cognitive AI in APAC
Courtesy of current estimates, it looks like Asia-Pacific AI will be worth US$136bn by 2025. Its governments and corporations invest more money than the rest of the world in AI tech, the data of its citizens is considered fair game, and its pilots are small-scale and, as a result, ruthlessly effective. This is why, according to Jeff Olson, Cognizant’s Associate Vice President for Projects, AI and Analytics, Digital Business and Technology, the APAC region ‘is right on the edge of an AI explosion’.
Now, startup Beyond Limits is pushing the boundaries of what AI can do, mirroring humans in its ability to find solutions with even limited information. As of this July, it’s partnered up with Mitsui, a global trading and investment company, to expand its impact in APAC.
How Does Beyond Limits Work?
Most AI companies claim that they can help businesses make better decisions. But many need astoundingly large stores of data to feed their information-hungry algorithms. Beyond Limits, in contrast, takes a different tack. Perfect data, after all, is largely a pipe dream kept alive by PhD students. In reality, systems must often make decisions from small, incomplete sets of intel.
But Beyond Limits’ AI is no black box. ‘When little to no data is available, Beyond Limits symbolic technologies rely on deductive, inductive, and abductive reasoning capabilities’, explained Clare Walker, Industry Analyst at Frost & Sullivan. While making these leaps in logic, however, the system also keeps track, ensuring that humans can review the AI’s ‘thought process’.
Why Partner With Mitsui?
Beyond Limits is built for specific applications such as energy, utilities, and healthcare—but lacks the extensive industry network of Mitsui. Partnering allows Beyond Limits to access a portfolio of firms specialising in minerals and metals, energy, infrastructure, and chemicals. ‘We’ve been working on this deal for several years’, said Mitsui’s Deputy General Manager Hiroki Tanabe. ‘Mitsui’s global portfolio and Beyond Limits’ AI technology will...deliver impact’.
In the first test of that dramatic statement, Liquified Natural Gas (LNG) will soon deploy Beyond Limits’ new system. If everything goes according to plan, LNG will optimise how it extracts and refines energy, making money for both itself and investors—including Mitsui. This, in fact, is Mitsui’s strategy: go digital and don’t look back.
Why Does This Matter?
Forty-five percent of Asia-Pacific companies surveyed in Cognizant’s thought leadership ebook consider themselves AI leaders. Positivity bias, that oh-so-common tendency of humans to position themselves as above average as compared to others, strikes again. (Most small companies fail to launch successful AI projects on their own.) And partly, this is because firms fail to integrate AI with industry expertise.
‘A large part of the focus on talent for AI today has been getting the people who are strong in mathematics, AI, and technologies’, said Olson. ‘But where you make your money out of AI projects is when you apply them to your business’. In short: APAC nations looking for ways to bridge the gap might follow Beyond Limits and Mitsui’s playbook—coupling startup AI with a corporate network.