Cyprus Day 10

Cyprus Day 10
Today we had one of our last company visits for the trip at the Nicosia branch of PwC. While there, they had a panel of experts give presentations on various supply chain topics. After a brief introduction from the branch CEO, a member of PwC Germany video chatted with us regarding rethinking the supply chain. In his presentations, he discussed the importance of automating the supply chain with varied uses of artificial intelligence. Transparency is a vital part of running a smooth supply chain, and this is where the use of AI shines. All levels of the supply chain should be inputted into a single system where alerts are given in case of disruptions. With these alerts, AI can reroute trucks, change suppliers, and calculate the risk of late shipments without human intervention. This approach would be instant and proactive in avoiding late shipments or empty shelves. In addition, a presentation was given on the benefits of blockchain on the supply chain. Blockchain has a promising future within supply chains, especially for its usefulness in tracking items. With a small NFC tag on the blockchain system, every individual item can be tracked from production to disposal, including information and characteristics of the product. This can also verify the authenticity of a product, such as counterfeit shoes or bootleg pharmaceuticals.

After our meeting at PwC, we were given free time within the city, which I used to cross the border to see the occupied section of Cyprus. Upon stepping foot in the Turkish half of the city, I felt like I was in a completely different country. Open-air shops lined the streets with Turkish cafes on every corner. After walking down, the first street, I arrived at a historic two-story bazaar. Built originally in the 1500s, this square still operates as a marketplace. Tables of wares make a perimeter, selling various bracelets, jewelry, and small trinkets. Although the Turkish Lira was the official currency, they were more than happy to accept Euros.

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