Marsh McLennan launches AI-powered solution to enhance supply chain risk management

Marsh McLennan, a global re/insurance broker, has launched Sentrisk, an AI-powered platform with integrated advisory services that aims to redesign the way businesses manage global supply chain risk.

Sentrisk enables clients to map supply chains comprehensively, identify gaps, and build resiliency under threat from increasing geopolitical tensions, food production and logistics at risk from climate-related events.

Marsh McLennan businesses Marsh and Oliver Wyman collaborated to create Sentrisk.

Martin South, President and Chief Executive Officer, Marsh, commented, “Rising geopolitical tensions, and other risks such as the impact of climate events, mean that supply chain vulnerabilities are now among firms top concerns. With Sentrisk, clients can use AI technology to make better-informed decisions at pace to improve their resilience to major shocks.”

Sentrisk can deeply analyze a firm’s supply chain and then proceeds to overlay proprietary analytics to pinpoint low, medium, and high-risk vulnerabilities down to a site, supplier, or component-specific level.

Users are provided with a comprehensive assessment of their supply chain risks, alerts of disruptions near critical assets, and access to risk advisory services from Marsh and Oliver Wyman.

The current risks modelled include natural hazards, geopolitical, climate-related, and reputational risks as well as structural risks like single-supplier dependencies and geographic concentration.

Nick Studer, President and CEO, Oliver Wyman Group, concluded, “Through Sentrisk, clients are able to gain greater perspective to inform their strategy. Through knowledge of where risks live in their supply chain, they can better anticipate risks in response to global events and take proactive measures before disruptions occur.”

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