Marsh McLennan has launched AI-powered platform Sentrisk with integrated advisory services, allowing clients to map supply chains and upgrade their operational plans.
According to the firm, the new tool uses advanced technologies like supply chain mapping AI and geospatial satellite imaging, created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman.
The company says that these powerful tools will enable organisations to map their supply chains more comprehensively and develop risk mitigation, transfer, and management strategies that more closely align with their business needs.
With the ability to analyse a firm’s supply chain, Sentrisk overlays 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.
Current risks modelled include natural hazards, geopolitical, climate related, and reputational risks, as well as structural risks like single-supplier dependencies and geographic concentration.
Martin South, president and CEO at Marsh, says: “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.”
Nick Studer, president and CEO at Oliver Wyman Group, adds: “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.”
