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Shipnext, an online cargo platform, has secured a multi-year grant from Flanders Innovation & Entrepreneurship (VLAIO) to strengthen the adoption of predictive analytics and artificial intelligence (AI) in the supply chain. The grant will be used to develop a supply chain volatility forecast, helping users to understand likely transportation costs and anticipated demand for shipping assets. The project will make use of natural language processing, machine learning, big-data analysis and predictive analytics. Shipnext will receive an initial grant of EUR 400,000 in the coming months, with further funding provided by VLAIO over the next five years.
