The companies will team up to deliver real-time supply chain risk alerting.
Supply-chain security experts LoJack SCI and data analytics firm TransVoyant have announced they have created a new partnership designed for supply-chain risk using live alerts and predictive analytics.
In the Jan. 5 announcement, the companies said the Supply Chain Information Sharing and Analysis Center (SC-ISAC) will be powered by the TransVoyant CD Platform. The technology streams and analyzes data from news sources, social media and weather/national disaster reporting agencies. Real-time algorithms look for mentions of potential port strikes, weather events, cargo theft, ship locations, airport congestion, port congestion, traffic and even earthquakes. The resulting insights provide both a current picture and forecast of global conditions, and customers are immediately made aware of any detected risks to help their decision making.
“The combination of TransVoyant’s powerful CDI data engine and the next generation SC-ISAC portal creates a real-time information fusion hub for the supply chain industry. This partnership will increase situational awareness and enable supply chain executives to manage and mitigate risk over the entire globe,” said Luke Balsley, TransVoyant managing director.
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