“Changes in consumer buying patterns, artificial intelligence, and machine learning have collided driving an exponential transformation in how the supply chain functions,” said Jonathan Rosenthal, Chairman and CEO of Warehouse Exchange.
Los Angeles, California (PRWEB) January 16, 2018
The strategic partnership aligning the first digital marketplace connecting buyers and sellers of warehouse space and IBM’s Watson Supply Chain Insights Group is the start of a long-term project to integrate artificial intelligence and machine learning into the Warehouse Exchange offering. This advancement comes shortly after Warehouse Exchange announced its exclusive partnership with Associated Warehouses Inc., a global network of regional and national third-party logistics service providers.
“Changes in consumer buying patterns, artificial intelligence, and machine learning have collided driving an exponential transformation in how the supply chain functions,” said Jonathan Rosenthal, Chairman and CEO of Warehouse Exchange. “Through our partnership with Watson’s AI platform, we hope to be a key player in driving this technological revolution.”
Short Term Goals:
- Provide warehouse market intelligence to IBM’s clients to enhance the value of IBM’s offering to their customers.
- Utilize Watson Supply Chain Insights to observe warehousing activities across its client base, anticipate problems within their supply chain and recommend the Warehouse Exchange platform as a solution to their warehousing needs.
“We are excited to partner with Warehouse Exchange,” said Rob Allan, IBM Program Director for Supply Chain Insights. “Our team is continuously looking to partner with innovative product offerings that provide the highest value to our clients. Through our market analysis, we identified an imbalance in the marketplace driving a need for flexible solutions in the warehousing industry. Warehouse Exchange has proven to be our choice for a unique and trusted partner. We believe that together we could reshape the warehousing marketplace.”
Long Term Goals:
- Collaborate with IBM in shaping Supply Chain Analytics.
- Drive capabilities around predictive analytics, API integration and blockchain.
“The emerging influence of artificial intelligence and predictive analytics will drive the emergence of new players in the supply chain space,” said Nick Vyas, Executive Director of USC Center for Supply Chain Management. “Companies like Warehouse Exchange, in collaboration with IBM Watson, will create an ecosystem not only to match buyers of space with the optimal warehouse provider but also to use predictive analytics to anticipate those needs before they become a problem."
Founded in 2015 and is based in Los Angeles, California, Warehouse Exchange is the virtual place for space. The company provides an automated warehousing marketplace for outsourced storage and distribution needs, matching shippers and operators in real time. Buyers compare options to find the ideal space. Sellers dynamically publish their space to maximize their utilization. The experience for both parties is seamless.