Digital Supply Chain Blog

Live Global Supply Chain Situational Awareness Value

  Have you considered the value associated with live global supply chain situational awareness (SCSA)? How supply chain leaders approach SCSA matters – the results are measured in meaningful business benefits and outcomes. The pandemic exposed the lack of resiliency in supply chains and the focus now is directed towards this problem by boards and investors, making it the optimum time to aggressively move forward with a supply chain digital transformation starting with the fundamentals…
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Live Global Supply Chain Situational Awareness Lane Risk Assessment

According to PwC’s recent research, only 5% of the companies surveyed have a dedicated supply chain risk management unit and 50% rely on a reactive approach to their risk management. Global supply chains are exposed to numerous risks that can cause delays or disruptions. Minimally, supply chains need the ability to continuously monitor risks due to the events listed in the diagram below, and ideally, they need to harness the full power of live supply chain…
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How Digital Supply Chains Help Companies to Mitigate Supplier Risk

In every annual report of global Fortune 500 companies, you will read through a section dedicated to monitoring, managing and mitigating supply chain supplier risk. It’s nearly impossible to navigate a supply chain career without experiencing a supplier disruption at some point that significantly impacts the bottom line. Because of its potentially catastrophic consequences, most organizations go to great lengths to develop and adopt supplier risk strategies. Mainly, traditional supplier risk management strategies involve surveys…
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TransVoyant adds continuous analysis of real-time and predicted supply chain behavior to Tive and the Open Visibility Network

Leading in-transit visibility provider Tive and TransVoyant, the leader in global supply chain data fusion, business analytics and actionable intelligence, announced a partnership to deliver live supply chain situational awareness to the Open Visibility Network (OVN) to improve actionable, complete, and intelligent visibility and business insights. Most visibility journeys start by focusing on a single segment of supply chains, lacking visibility into events occurring upstream and downstream. This is problematic for shippers that rely on inbound materials. When…
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5 Best Practices for Preventing & Mitigating Port-related Supply Chain Disruptions

According to Reuters Events recent research, 40% of companies say their supply chains failed them at the height of the pandemic. Due to these failures, 80% of companies say they have accelerated their digital supply chain strategies. Furthermore, almost 50% of the companies surveyed are looking to overhaul procurement and risk management strategies within the next two years, and 42% of enterprises are now using automation to manage risks. In order to gain full transparency…
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Live Situational Awareness for the Suez Canal Crisis

Ever Given’s troubles are not over even though it is no longer stuck in the Suez Canal. The Egyptian authorities who helped to free the Ever Given have detained the vessel and are requesting $1B in payment for their efforts. Just like the Ever Given, our customers are still in the midst of recovering from the incident. Fortunately, they have had the benefit of using the TransVoyant Precise Predictive Enterprise (P2E) to help them resist and…
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