Did you know that global supply chains are in disarray, with a whopping $15 trillion at stake and escalating disruptions? It's like a game of Jenga, where one wrong move can bring the whole tower crashing down. No wonder a staggering 56% of businesses are experiencing adverse effects, and 30% of shipments are encountering damages or delays. It's time for a transformative approach to supply chain risk management-based financing. And what's the solution, you may ask? Introducing continuous visibility utilizing advanced technologies such as the Internet of Things (IoT), Business Intelligence (BI), and Artificial Intelligence (AI). It's like having a team of superheroes that can see through walls and predict the future! These innovations allow for a comprehensive assessment of risks by viewing the supply chain through the lens of the cargo itself. Envision a scenario in which cargo is monitored at every stage, from production to warehousing and retail. It's like havin...
In a world faced with the prospect of tightening supplies, higher energy costs heightened geopolitical risk, and strained transportation networks, advanced supply chain technologies will become mission-critical for many more companies. The supply chain task is not an enterprise problem; it is an end-to-end network problem involving multiple enterprises. Therefore, the solution does not lie in fixing one link in the chain but in devising a community.