Modern day supply chain disruptions come in many forms and are ever more frequent.
A 2024 report by KPMG highlights that supply chains are facing more frequent disruptions. This is due to factors such as labor issues, geopolitical tensions, cyber attacks, and climate change.
While some risks are visible, many remain hidden until they cause major disruptions. Businesses need more than traditional risk assessments to stay ahead. Most companies have difficulty monitoring their suppliers either because of limited internal resources, or simply the costs associated with supplier risk management.
Traditional risk assessments often fall short in identifying these hidden vulnerabilities. A survey by McKinsey & Company revealed that 90% of supply chain leaders encountered challenges in 2024, with significant gaps in their ability to identify and mitigate risks.
To proactively address these challenges, businesses are turning to predictive analytics. That’s where Achilles’ predictive risk assessing and supplier risk scoring come in.
Identifying Hidden Risks Before They Impact Your Business
Achilles’ supply chain risk analysis goes beyond surface-level assessments. Our predictive risk analysis and scoring system offers a comprehensive approach to uncovering hidden risks before they impact your business. Using decades of industry expertise, a vast data lake, machine learning, advanced data analytics, and real-time monitoring, it detects subtle patterns that signal potential issues before they escalate.
Here’s how Achilles Predicts Risk:
Financial Stability Monitoring – Evaluates suppliers’ financial health using predictive models to anticipate solvency risks.
Operational Resilience Scoring – Assesses a supplier’s ability to withstand disruptions, from regulatory changes to natural disasters.
Insurance verification – Ensures suppliers maintain required insurance coverages and limits to protect your interests.
ESG and Compliance Analysis – Flags risks related to ethical sourcing, environmental impact, and regulatory compliance.
Cybersecurity Risk Evaluation – Identifies vulnerabilities in supplier IT infrastructures that could lead to breaches.
Turning Insights into Action
A risk score alone isn’t enough. It’s about making informed decisions. Achilles’ scoring system provides a clear, actionable risk profile for each supplier, helping businesses:Prioritize mitigation efforts by focusing on high-risk suppliers.Diversify sourcing strategies to reduce dependency on vulnerable suppliers.Engage supplier engagement to address risks before they escalate.
A Smarter Approach to Supply Chain Risk Management
Predictive supply chain risk analysis gives businesses a competitive edge by shifting from reactive to proactive risk management. By leveraging Achilles’ supplier risk score, organizations can stay ahead of disruptions, build more resilient supply chains, and ensure operational continuity.
Don’t wait for risk to become a crisis. Discover how Achilles can help your business manage supplier risk more effectively.
