| |JULY 20239TECH MINTThe British luxury carmaker Jaguar Land Rover, a division of Tata Motors in the UK, has teamed with supply chain mapping and risk analytics company Everstream Analytics, which will integrate artificial intelligence into its system to help prevent future global supply challenges.According to JLR, the new AI technology will enable it to monitor its supply chain in real-time and safeguard the production of its existing models and upcoming electric vehicle (EV) models.With the use of Everstream's technology, JLR has already been able to deliver vehicles to customers without being delayed at international freight ports."Through our collaboration with Everstream Analytics, we are harnessing the power of AI to proactively manage risks before they cause disruption to production", JLR's executive director for industrial operations Barbara Bergmeier said.It claimed that the system plots emerging occurrences, such as natural disasters, strikes, data breaches, and export concerns on a global map using a combination of AI, predictive analytics, machine learning, and human intuition.A rising number of startups and well-established logistics companies have developed a multi-billion dollar sector to apply AI and machine learning to assist businesses minimize disruption in a post-pandemic environment full of supply chain snarls.A worldwide shortage of semiconductor chips has led major automakers to reduce production of several models particularly hard on JLR.The business added that it expects free cash flow to reach £2 billion by FY24 and "continue to be significantly positive thereafter".By the end of the fiscal year 2025, JLR wants to have no net debt. The luxury automobile division anticipates that its net debt would drop below 1 billion pounds by the end of the following fiscal year thanks to its resilience in the face of global challenges including the chip scarcity, inflationary pressures, and geopolitical limitations.Due to a lack of semiconductors and supply chain issues brought on by Russia's invasion of Ukraine in FY23, JLR found it difficult to grow its electric vehicle lineup. However, compared to the previous fiscal, when its net debt was 3.1 billion pounds, it had decreased to 2.9 billion pounds. The tendency is anticipated to continue in FY24. TATA MOTORS' UK BUSINESS UNIT JLR TEAMS UP WITH EVERSTREAM ANALYTICSThe automaker generated two consecutive quarters of profitability, and in the most recent quarter, it contributed 2/3 of Tata Motors' total sales
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