The good news is that help is on the way, the bad news is that it may not have the biggest impact next year:
is a professor of marketing in the business school at the University of Montana who focuses on logistics. She said that, “Disruptions are expected to continue well into 2022 and most likely into the following year. Logistics systems are expensive and designed to run at high utilization which means that backlogs explode in nonlinear ways.
“To address challenges to our ailing infrastructure, industry, local, state, and federal partners must focus on readiness, resilience, and modernization. First and foremost, we need to promote and encourage the growth of a workforce that is infrastructure savvy. “We need leaders to develop a robust national vision not only to fix our distressed infrastructure but also to have a modern, economical, and cost-effective infrastructure to be environmentally friendly, time efficient and sustainable in the industry 4.0 era! Sadly, the infrastructure bill is lacking that vision,” he said.Carnegie Mellon University’s Lightman said, “My hope is that the [recently approved federal funding] will also support more collaboration with private and non-profit sectors.
“Artificial intelligence applications can use....data to provide planners and portfolio managers with prescriptive guidance and enable real-time autonomous critical infrastructure management. When applied to best practices in total cost management, we could see the rise of total cost management analytics and machine-guided analysis, which can enable agencies to do more with less,” he advised.is a partner at the Seyfarth law firm and co-chair of their infrastructure project finance practice.
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