Brian Jeffrey
Transformative Impact of AI and Blockchain
Advancements in AI and blockchain technologies are reshaping various sectors. While these innovations will generate new job opportunities, they also present distinct challenges, as highlighted by Le Linh Luong, deputy head of the Academy of Blockchain and Artificial Intelligence Innovation (ABAII).
During a recent workshop focused on enhancing the skills of young workers, organized by the Vietnam Blockchain Association, Luong referred to findings indicating that the utilization of AI has surged recently, seeing a twofold increase in just six months. This trend signifies a growing integration of AI in workplaces.
Luong pointed out, “AI enhances existing roles instead of replacing them. This trend opens doors for those well-versed in AI, particularly in areas like sales, marketing, logistics, and supply chain management.”
Research from McKinsey and PwC shows that integrating AI can lead to substantial cost reductions in logistics, ranging from 15 to 25 percent, by streamlining transportation routes. Additionally, it can enhance demand forecasting and inventory accuracy by 30 to 40 percent.
Moreover, AI can decrease order processing time by 20 to 35 percent, boost warehouse performance by 50 to 60 percent, and lower supply chain downtime by 25 to 30 percent through predictive analytics and real-time data insights.
Furthermore, blockchain technology is also transforming supply chain operations.
Its key attributes, such as decentralization, permanence, and consensus, are anticipated to tackle issues related to security and transparency while significantly lowering transaction costs.
In this scenario, Luong emphasizes that candidates who have academic qualifications and hands-on experience with these emerging technologies will have more competitive resumes.
Le Hong Van, a supply chain management expert with 25 years in the field, noted that positions like warehouse operators, data entry personnel, warehouse accountants, and transport coordinators are most affected by the rise of AI and technology.
These technologies not only disrupt existing roles but also pave the way for entirely new job categories. Young professionals can explore emerging roles like Supply Chain Automation Specialist, which necessitates coding abilities, or Supply Chain Consultant, focused on advising companies on AI and blockchain applications.
Nguyen Minh Cuong from ABAII mentioned that workers equipped with foundational knowledge in development and AI skills can leverage up to 90 percent of the machinery’s capabilities.
