In this episode Tony Hines takes a look at superforecasting and AI and how it will change and impact the supply chains of the future.Super in this sense means better.  According to Phillip Tetlock superforecasters consistently make better predictions.  They do this avoiding bias, updating as new facts emerge and through their cognitive processes.  We examine how forecasts can be better by examining practices and processes used by superforecasters.There is much potential to employ skills to make better supply chain decisions adopting approaches discussed. Artificial Intelligence (AI) and machine learning also offer ways to combine human and computer technologies to improve supply chain management by improving predictions that impact business.Further Reading:SCHOEMAKER, P. J. H., & TETLOCK, P. E. (2016). Superforecasting: How to Upgrade Your Company’s Judgment. Harvard Business Review, 94(5), 72–78. Superforecasting: The Art and Science of Prediction, by Philip E. Tetlock and Dan Gardner, Crown Publishers, a division of Penguin Random House LLC, New York, New York, ISBN 978- 0804136693 Power and Prediction. (2023). Developing Leaders, 40, 212–214.Power and Prediction - The Disruptive Economics of Artificial Intelligence, co-authored by Ajay Agrawal, Joshua Gans and Avi Goldfarb, HBR Press (Nov 2022) 9781647824198 (ISBN10: 1647824192)Send us a text Support the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.News about forthcoming programmes click hereSHAREPlease share the link with others so they can listen too https://chainreaction.buzzsprout.com/share LET US KNOWIf you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter) REVIEW AND RATE If you like the show please rate and review it. Every vote helps.About Tony Hines and the Chain Reaction Podcast – All About Supply Chain AdvantageI have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon...

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