The government is introducing an Artificial Intelligence (AI)-based data analysis system to ensure a stable supply of essential commodities by predicting potential shortages and enabling faster policy decisions, announced Commerce Minister Khandakar Abdul Muktadir. The AI-driven platform will analyze 10 years of historical data to forecast possible supply disruptions and market crises well in advance, allowing the government to take timely measures to maintain market stability.
The system will also monitor international market trends and the export capacities of supplying countries to identify the best time and source for imports. Using predictive analysis, the system will help determine when shortages of commodities such as pulses or onions are likely to occur, allowing the government to initiate import preparations before domestic stocks become scarce.
Muktadir said the initiative would be implemented in coordination with the Ministries of Agriculture, Food, and other relevant government agencies, which would have access to the shared database to support their respective operations. The database would be developed using reliable government information alongside international open-source and subscription-based data to ensure accurate forecasting.
The ultimate goal of the initiative is to strengthen national market management and protect consumers through timely, data-driven decisions. The meeting also discussed the future development of the country's e-commerce sector and technology-driven market management strategies.
This initiative is expected to significantly enhance the efficiency of supply chain management in Bangladesh, ensuring that essential goods remain available to consumers without disruption.
