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November 12, 2024 | JabilEstimated reading time: 2 minutes
Jabil Inc., a global leader in engineering, manufacturing, and supply chain solutions today announced ID8 Global, a joint venture with Cyferd Inc., a pioneering AI company specializing in data technology. Together, they are introducing a generative AI-driven, autonomous supply chain and procurement software platform that will transform how industries manage complex logistics, procurement, and operations on a global scale.
The joint venture between Cyferd and a Jabil subsidiary marks the beginning of a new era for AI-driven procurement and supply chain transformation. Combining Jabil’s extensive experience across the global supply chain with Cyferd’s advanced platform capabilities and proprietary self-learning AI engine, Neural Genesis, ID8 Global’s customizable software solution presents a unique value proposition for supply chain and procurement practitioners within any organization.
The platform is set to allow teams to autonomously manage their complex, multi-tiered supply chains with exceptional speed and precision. Companies can then proactively address disruptions, optimize procurement processes, and respond to market changes in real time – a key competitive advantage in an increasingly disrupted world.
“By merging Jabil’s industry expertise with Cyferd’s cutting-edge AI capabilities, we’re not just improving the supply chain; we’re reimagining it,” said Frank McKay, chief procurement and supply chain officer at Jabil. “This platform will help organizations scale faster and adapt to global demands. We’re at the forefront of something truly transformative that will strengthen Jabil’s relationships with its customers and suppliers.”
“ID8 Global will embed AI-driven automation and efficiency gains directly into the core of customers’ procurement and supply chain operations,” added Jeff Austin, vice president of procurement and supply chain services at Jabil. “Through this joint venture, we’re driving smarter, more sustainable decision-making workflows across the supply chain ecosystem and building the foundation for autonomous, resilient supply chain management.”
“Our alliance with Jabil through this joint venture redefines what’s possible in supply chain and procurement management,” said Ranjit Bahia, CEO at Cyferd. “With Cyferd’s self-learning engine, which can create AI agents and applications in minutes, we’re creating dramatic efficiencies in digital transformation and seamless data integration within organizations. Paired with Jabil’s unparalleled knowledge and decades of expertise, we’re creating one of the most advanced self-learning platforms on the planet. This is a leap forward for flexible, proactive supply chain operations.”
The platform and joint venture will officially debut at Electronica, held at the Trade Fair Center Messe München in Munich, Germany, Nov. 12–15. To meet the Jabil and Cyferd teams, stop by Stand 319 in Hall B4.
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