At the 5th Annual Risk & Resilience Conference, DHL introduces how the latest features built in the Resilience360 platform are weaving AI capabilities throughout the tool and paving the way for global organizations to proactively manage supply chain risks. Using classification engines and collaborative filtering, Resilience360 is able to apply the algorithms to the Incident Monitoring module which forms the basis of the tool. Artificial Intelligence (AI) will help to analyze millions of risk intelligence date sources daily and apply user behavior learnings to determine the relevancy of future disruptions, therefore improving the self-learning capabilities of the tool.
“Modern businesses must navigate increasingly complex and volatile supply chains through a larger number of disruptions caused by climate change and trade wars,” explains Tobias Larsson, Founder and CEO of Resilience360. “However, thanks to innovative technologies such as predictive analytics and machine learning algorithms, we are in a position to identify and manage risk like never before. By continuously enhancing the Resilience360 platform with additional capabilities, it has grown rapidly over the last couple of years and now has over 13,000 users world-wide.”
5th Risk & Resilience Conference to discuss risks of climate change
At the conference today at the DHL Innovation Center in Germany, approximately 180 leaders in supply chain, business continuity, security and risk management from around the globe will collaborate on supply chain risk management solutions and examine emerging risks like hurricanes, supplier failures, environmental regulations and trade wars.
Under the theme of “Climate, Change and Our Supply Chains”, the conference focuses on the role of businesses in assessing and addressing risks that a warmer planet is likely to bring, such as the impact on employees, resources, assets and infrastructure. The American Logistics Aid Network (ALANaid), a leading organization that provides supply chain assistance to disaster relief organizations (and other non-profits), heads an impressive list of top executives and practitioners that will present on breakthrough technology and methodologies for resiliency. The climate secretariat UNFCC will present their latest research on the future of climate change adaptations and other top companies such as Bayer and BMW will share insights on the importance of supply chain transparency to plan ahead and mitigate crises in their supplier network.
Global supply chains face a broad range of risks, such as natural disasters, cyber-attacks, and a rapidly changing regulatory environment. DHL’s Resilience360 platform provides businesses with the tools to predict, assess and mitigate the risks of supply chain disruption quickly with near real-time global visibility through the vast DHL network of intelligence.