Marsh McLennan looks to ‘transform’ supply chain risks with AI
Global re/insurance broker Marsh McLennan has launched an artificial intelligence-powered platform designed to “transform” supply chain risk management.
The AI platform, called Sentrisk, aims to enable clients to map supply chains, identify gaps, and build resiliency. It uses technologies such as supply chain mapping AI and geospatial satellite imaging to enable organisations to develop risk mitigation, transfer, and management strategies that align to their business needs.
The platform was created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman.
The company said Sentrisk overlays proprietary analytics to pinpoint low, medium, and high-risk vulnerabilities down to a site, supplier, or component-specific level. Users are provided with an assessment of their supply chain risks, alerts of disruptions near critical assets, and access to risk advisory services from Marsh and Oliver Wyman.
Current risks modelled using the platform include natural hazard, geopolitical, climate-related, and reputational risks as well as structural risks like single-supplier dependencies and geographic concentration.
Martin South, president and chief executive officer (CEO) of Marsh, said: “Rising geopolitical tensions, and other risks such as the impact of climate events, mean that supply chain vulnerabilities are now among firms top concerns.
“With Sentrisk, clients can use AI technology to make better informed decisions at pace to improve their resilience to major shocks.”
Nick Studer, president and CEO of Oliver Wyman Group, added: “Through Sentrisk, clients are able to gain greater perspective to inform their strategy. Through knowledge of where risks live in their supply chain, they can better anticipate risks in response to global events and take proactive measures before disruptions occur.”
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