The launch of Risk Monitor, a new digital product created to give shippers and consignees proactive risk monitoring and insight to prepare for and manage the challenges and potential disruptions in international trade, was announced by PSA BDP, a provider of supply chain, transportation, and logistics solutions.
In particular, Risk Monitor is an add-on function of the Smart Navigator, a digital platform that offers consumers real-time supply chain monitoring through advanced data analysis.
With the help of technology created by PSA BDP, Risk Monitor enables users to identify, assess, and view a spectrum of 50+ common supply chain disruptions, including both natural (earthquakes, pandemics, bad weather) and man-made (strikes, geopolitical tensions) risks before they happen.
“This enables proactive planning and mitigation measures to be put in place,” pointed out PSA.
Risk Monitor’s advanced algorithms, which offer customisation features, including alerts that warn of any impending or prospective disruptions, delivers proactive, real-time tracking into the location and shipping status of goods and cargo en route from its origin to its final destination.
“These actionable insights allow shippers to make informed decisions and take meaningful steps to protect their supply chain operations whenever possible,” said PSA in a statement.
