The cost of shutting down an automotive production line due to parts shortages can cost thousands of dollars a minute. Even worse, complex automotive supply chains that were designed for seamless just-in-time production are not readily adaptable or resilient to unexpected disruptions.
With 30,000+ components per vehicle, it's understandable why 81% of the automotive industry is concerned about supplly chain visibility compared with 70% in other sectors.
The 2011 tsunami exposed an enormous industry-wide concentration risk that was previously unknown.
“It took an entire year to design Renesas out of the supply chain… We thought we had good supply chain visibility, but we were still surprised that behind tier 1 & 2 we had Renesas everywhere.”
Versed AI's multi-tier mapping includes concentration risk insights, helping you to understand who your common sub-tier suppliers are and which ones have the greatest impact on your combined exposure.
With the automotive industry being subject to particularly stringent oversight on all aspects of ESG performance, mapping your previously-unknown sub-tiers evidences ESG policy implementation in practice to both customers and regulators.
The semiconductor shortage brought lead times 4-8 weeks longer than normal and price inflation impacting millions of businesses and consumers. The ripple effect extended through supply chains and across industries. Read our White Paper on the semiconductor shortage.
Protect delivery schedules, maintain quality and avoid unforeseen costs from your supply chain. Use multi-tier visibility to identify bottlenecks and diversify your supply chain for business continuity through turbulent times.
Use multi-tier supply chain visibility to pinpoint your exposure to geographic regions and individual suppliers. Proactively mitigate risks by building a diversified and agile supply chain.
Evidence your sustainability efforts to shareholders, combat forced labour, and improve overall business performance with multi-tier supply chain visibility. Underpin reporting for the US Uyghur Forced Labour Prevention Act, UK Modern Slavery Act and Scope 3 carbon emissions with supply chain mapping and analytics.
Demonstrate compliance with regulations requiring mutli-tier supply chain visibility, such as the German Supply Chain Due Diligence Act.
Avoid becoming the victim of a hack like Solar Winds. Trace your extended supply chain to identify cyber risks that threaten you or your most critical suppliers.
Evidence robust governance by screening your sub-tiers for bad actors and sanctioned entities.
In today's business landscape, reputation is everything. Don't let your company's hard-earned reputational capital be lost due to risks hidden within your supply chain.
Explore our supply chain visibility solutions - from off-the-shelf analytics that you can rapidly deploy to fully tailored Data-as-a-Service to integrate into your control tower.Learn more