CREDIT: IVALUA possible risk in favour of building adaptive capability. Graham advocates for this paradigm shift, saying:“ Instead of focusing on predicting risks, focus on resilience. Ask:‘ can your supply chain absorb shocks, adapt operations and restore quickly’?”
The technology revolution in risk detection While predicting true black swan events remains impossible, technology has revolutionised early warning systems for emerging risks. Alex explains how AI has transformed the landscape.
“ AI has revolutionised how organisations get early warnings to black swan events. While true black swan events are inherently unpredictable, AI and advanced analytics help detect emerging risks that might otherwise go unnoticed.”
Gone are the days when procurement teams relied solely on Excel spreadsheets – tools that Alex describes as“ too slow and limited in today’ s environment of geopolitical tensions, tariff wars and climate-driven disruption.”
Modern AI-powered platforms can process vast amounts of information simultaneously, scanning everything
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