ROI Calculator
The Russian invasion of Ukraine has compounded supply chain troubles in critical sectors, including agriculture, automotive, energy, food and semiconductors. Companies are not only facing congested ports but product-line closures, transport delays, and spiraling costs. It is little wonder then that building supply chain resiliency against a wide range of disruptions was a hot topic at the World Economic Forum’s annual meeting in Davos May 22-26. Resilinc, a 2022 World Economic Forum Technology Pioneer, says it can help. Its AI-powered technology aims to predict delivery delays, price movements, and supply constraints for raw materials and commodities before they happen and suggest options. Customers include A&T, Moderna, GM, Flextronics, and Collins Aerospace.
The rapid decay of a decades-old model of supply chain reliability and efficiency is a key feature of CEO agendas worldwide, according to a May 23 post by McKinsey. The semiconductor sector’s supply chain woes are a case in point. Chip manufacturing relies on perfluoroalkyl and polyfluoroalkyl substances (PFAs) as coolants in the etching process, a crucial step in chip production. 3M accounts for 90% of the global supply of coolant for the chip industry, with 80% of that coming from a single plant in Belgium, In March 3M’s Belgium plant had to stop PFAS production to implement environmental clean-up action demanded by the Belgian government at a cost of €150 million to the company, causing ripple effects along the supply chain.
