Challenge: With Europe shutting down amid the COVID-19 pandemic, a global automotive parts supplier needed to convince a key client that it had visibility to avoid potential disruption in its supply network.
Solution: When the automotive supplier’s largest global customer escalated its supply-chain concerns, the supplier demonstrated how it used riskmethods’ AI-powered tool to identify risk and potential impact. The riskmethods mapping feature enabled the company to pinpoint its suppliers in regions where lockdowns were imminent, as well as which logistics providers could be affected.
Results: Demonstrating visibility into its supply chains cemented the automotive supplier’s reputation with its key customer. By identifying potential disruptions quickly, the supplier also saved time and could concentrate on monitoring high-risk suppliers.
About the Solution Provider: riskmethods empowers businesses to identify, assess and mitigate supply-chain risk. By using artificial intelligence, we help customers automate and accelerate threat detection, enabling them to gain competitive advantage with a well-managed approach to meeting customer demands, protecting reputation and reducing total cost of risk. riskmethods is the intelligent way to manage risk.
