Technology firm focusing on accelerated development and publishing of mobile apps for business and gaming applications, AppSwarm Inc (OTCMKTS:SWRM), announced on October 1, that it will be developing supply chain solutions harnessing blockchain technology as well as Artificial Intelligence.
Disruptions in global supply chains witnessed recently due to the pandemic have demonstrated need for firms on developing flexible solutions for inventory management in future. In 2021, the firm had announced licensing agreement for GTX’s cloud-based GPS as well as IoT monitoring platform to have an asset tracking and fleet management solution.
AppSwarm aims to make next-generation supply chain solutions having everything from last-mile delivery to global enterprises. TulsaLabsannounced joining IBM PartnerWorld network, providing access to 16,000+ IBM Software offerings in domains such as AI, Cloud, Security as well as IT Infrastructure besides Watson Health.
IBM Sterling provides clients end-to-end visibility as well as insights on actions for turning disruptions into opportunities. Tom Bustamante, the head strategic advisor at TulsaLabs said that disruptions in global supply chain shows the need to improve current supply chain infrastructure as well as helping companies rethink on managing inventory in dynamic global economy.
The strategic advisor added that IBM provides enterprise clients hybrid cloud solutions and through the PartnerWorld program, the company can collaborate with IBM Business Partners for supporting customer needs.
Market Reaction:
On Friday, SWRM stock fell 2% at $0.0145 with more than 24.93 million shares, compared to its average volume of 22.50 million shares. The stock has moved within a range of $0.0123 – 0.0160 after opening the trade at $0.0149.
