In order to have a seamless supply chain operation, Risk Intelligence is a must to make better-informed decisions. With the increasing dependency and varied complex factors influencing events or disruptions, proactive risk management is crucial. As the world witnessed various disruptive events such as the onslaught of COVID-19, the Russia-Ukraine War, the Israel-Hamas War, and climate-induced disasters, Supply Chain Management became a crucial function for business continuity.
Various Risks Affecting the Supply Chain Operations:

Role of Risk Intelligence to Enhance Supply Chain Risk Intelligence
- OSINT Tools for Monitoring Risks
- Open-source intelligence tools track the current developments and monitor risks including travel disruptions, geo-political events, critical infrastructure disruptions, and natural calamities.
- With the help of OSINT tools, organisations can monitor risks from various sources, including local media, public records, and social media.
- Technological tools such as Datasurfr monitor risks in real time and create alerts for disruptive events that may pose a supply chain disruption.
- Predictive Analytics
- Identifying and analysing patterns to predict potential risks can help organisations formulate contingency plans and crisis management plans.
- AI tools can identify bottlenecks in the supply chain operations before they escalate.
- For instance, formulating alternative transport routes in the event of civil disturbances.
- Risk Assessment and Risk Prioritisation
- Analysing the likelihood of the risks and the likely impact on the organisation in a risk matrix can enable organisations to prioritise their risks.
- Risk Matrix ensures that there is optimum utilisation of resources to increase resilience.
- For instance, a critical supplier in a politically unstable region would be rated higher in the risk matrix. This would enable the organisation to plan ahead by either stocking up inventory or looking for a backup supplier.
- Risk Mapping and Risk Aggregation
- Mapping the risks and understanding the complex interdependence of risks, helps organisations see the broader risk landscape.
- A visual map of supply chain risk highlights vulnerabilities and gaps and provide a visual insight to take risk-mitigating actions.
- Supply Chain Simulations and Scenario Planning
- Advanced Supply Chain simulations help top-level management understand and quantify the impact of potential risks in the supply chain and make necessary mitigating actions.
- Accounting for ‘What if’ scenario helps organisations prepare for black swan events.
- Supply Chain Risk Resilience Index
- Quantification of all the risks within the supply chain and assigning risk values to them in a collective Supply Chain Risk Resilience index will help understand organisation’s risk exposure and risk appetite.
Risk Intelligence is a strategic necessity in supply chain management to deal with uncertain events. With the use of predictive analysis, real-time monitoring, risk identification, and monitoring can help organisations stay abreast of the evolving risks and deploy mitigating strategies to reduce the impact.
Partner with Mitkat to be a Risk Intelligent Firm
Mitkat offers a variety of services including Risk Consulting and Security Design, Protective Services, and cyber security services which help organisations to not only survive but also thrive in uncertain times. Our tailored risk analysis and risk-mitigating solutions help organisations navigate evolving security landscape and complex risks. Our AI-powered operational risk monitoring tool, datasurfr combined with expert insight enables companies to stay abreast of evolving operational risks and emerging developments.