Digital Supply Chain Blog

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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Live Global Supply Chain Situational Awareness for Life Sciences

As Covid-19 vaccines being shipped globally, the importance of live supply chain situational awareness (SCSA) via a common operating picture has never been more evident – providing real-time context to location, condition, security, and timeliness. Life Sciences supply chains are unique. The timeliness, quality, and security of the supply chain are critical to the health and welfare of individuals and large populations. Adding to the complexity are the risks inherent with cold chain shipping and…
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