According to the Freight Waves most recent article, over the last week (week of 09/05/21), Larry became the third major hurricane of this year’s Atlantic season, forcing container ship captains to steer clear as the storm passed the island of Bermuda this week, headed towards eastern Canada.
How can you proactively plan for and manage supply chain disruptions caused by natural weather events, such as Larry?
Our customers are in the midst of responding to this event. Fortunately, they have the benefit of using the TransVoyant Precise Predictive Enterprise (P2E) to help them resist and recover from Hurricane Larry’s impact on their business. They’re proactively taking steps to assess the impact on their inbound deliveries, outbound customer orders, inform continuity planning exercises with actionable intelligence, and apply corrective action.
If you don’t have similar capabilities, I can guess the questions running through your mind… Does TransVoyant have live vessel tracking? visibility to inbound material flow from suppliers? and outbound from distribution centers?, and a variety of control tower views? YES, YES, YES and YES!
While TransVoyant cannot predict hurricanes or vessels getting stuck in the Atlantic Ocean, we do monitor numerous types of live events, e.g. port congestion, weather, traffic, etc. (See Figures 1-3) and the impact of these events can be seen through the actionable intelligence we provide (e.g. predicted arrival time, dwell time, vessel location and speed, etc.).
For example, our customers are able to see ocean vessels with their freight sitting in the Atlantic Ocean avoiding the path of the hurricane and begin altering course days before their LSPs communicate (if they communicated) this information (See Figure 1).
But, what is better is we provide automated exception and notifications that serve to put our customer teams in a proactive posture so they can intervene early to prevent delays and mitigate the impact due to disruptions from the Hurricane (See Figure 4).
TransVoyant uses advanced Machine Learning & AI technologies to produce precise arrival times for our customers. Leveraging Big Data streams, ML and AI we provide live situational awareness to shipments impacted with continuously updated PTAs.
Rules, conditions and other heuristics are applied to the massive amount of data to find the issue that needs attention. Case management capabilities enable a user to initiate steps to resolve the issues collaboratively across various functions within the enterprise (e.g. sales, service, operations, quality, etc.) or with external trading partners (e.g. 3PLs, LSPs, CMOs, suppliers, etc.).
if interested in how TransVoyant can improve your ability to proactively resist and recover from supply chain black swans and disruptions via supply chain transparency, live situational awareness, and actionable intelligence, follow the link.