I am the Vice President of Supply Chain Services at ARC Advisory Group, a leading industry analyst and technology consulting company. I engage in quantitative and qualitative research on supply chain management technologies, best practices, and emerging trends.
The pandemic got almost every company talking about resilience. Supply chain risk solutions are hot. And a company called Exiger seemingly came out of nowhere to capitalize on this.
Mr. Daniels says that they were invisible to many multinationals for some time because they grew through their work with federal agencies. Initially they provided risk solutions to financial services firms. Then in 2019, the newly reorganized Defense Counterintelligence and Security Agency put special emphasis on protecting critical technology. “Then we were used by all of the agencies to help with the COVID-19 response,” Mr. Daniels explained.
Exiger is tracking events occurring in 16 million supply chains that include 600 million legal entities. Additionally, they are tracking 5 billion pounds of goods back to their original source to ensure a wide variety of compliance standards are met.Ukraine Has Developed 15 Kinds Of Long Range Strike Drone And Has Sortied Them Against Russia s Oil Industry
There is a typical process flow for this solution. All suppliers are rated on a 1 to 10 scale across different risk categories. The procurement department defines their appetite for risk and only suppliers that exceed a risk threshold score are displayed as companies they should do business with. When a vendor becomes an onboarded supplier, Exiger is used to monitor multitier supply risks at the bill of material level. This means that the solution understands all the different kinds of parts needed to manufacture a product. Then the solution maps any kind of event that could keep any one of those parts from arriving at a factory on time.
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