An almost endless array of supply chain disruptions including the COVID-19 pandemic, continuing geopolitical conflict, and endless logistics hurdles have laid-bare the vulnerabilities of our deeply connected global supply chain. All it takes is one wrong disaster impacting a critical supplier at the wrong time and companies or entire industries end up feeling the impact.
It is no longer enough to rely on annual, point-in-time snapshots of supplier risk – organizations must pursue and enable continuous monitoring of their entire supply chains form the first Tier to the Nth, in order to proactively mitigate against incoming threats.
While this may come as a tall order to large enterprises entrenched in legacy processes, with the right technology and the power of AI, real supplier ecosystem awareness isn’t just a possibility – it’s a competitive advantage.
Download this Procurement Leaders whitepaper, in partnership with Interos, to gain insights into the following areas:
How supplier risk management needs to change – and how to build a supplier network with resilience in mind
Why technology solutions have the ability to map and model supply chains, and the inherent risk within them, better than ever before
Best practice guidance to help effectively insulate the organization from supply chain risks.
