1. Big Data and Risk are a Match Made in Heaven

    Traditionally the approach to managing supply chain risk has boiled down to a relatively simplistic guessing game of assessing the likelihood of a problem and its potential impact and then effectively buying insurance with inventory or capacity buffering. In business buzzword-land this all sounds fine, but in practice it still misses the big opportunity which is getting ahead of threats in the first place. This is where big data comes in.

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