PSA BDP Launches Risk Monitor, a Digital Product Solution for Enhanced Risk Monitoring

PSA BDP has launched Risk Monitor, a new digital product designed to provide shippers and consignees with the ability to proactively monitor potential risks to prepare for and manage potential disruptions in today’s complex world of international trade.

Risk Monitor is an add-on feature to Smart Navigator, a digital platform that provides real-time supply chain visibility to customers through sophisticated data analysis. Using proprietary technology developed by PSA BDP, Risk Monitor empowers customers to establish, evaluate, and view a spectrum of more than 50 common supply chain disruptions – both naturally occurring, as well as man-made risks – before they occur, allowing for proactive planning and mitigation measures to be implemented. As a result, users can lessen risks, reduce costs, and overcome inventory and production delays, while improving the customer service experience.

Risk Monitor provides immediate real-time visibility for customers to access data relevant to any supply chain threats that are verifiably substantiated or predicted by PSA BDP. Using an enhanced demand model, data types that are constantly monitored include weather events, port congestion, vessel events, geo-political events, and security compromises or breaches, while assets such as shipments, containers, production plants, and suppliers are instantaneously cross-checked and critically assessed by the risk model to accurately identify factors that are likely to affect customers supply chains.

“Through our conversations with customers, we know that they are seeking more opportunities for better control and enhanced visibility in their supply chains,” said Ho Ghim Siew, CEO Products, PSA BDP. “To support their needs, PSA BDP is focused on developing digital applications that provide real-time, streamlined and comprehensive data so that our customers can enjoy better visibility and achieve a more resilient, agile, and sustainable supply chain. Risk Monitor will augment our suite of services available on Smart Navigator such as enhanced visibility, predictive ETA, and alerts and exception management.”

“In today’s market, proactive visibility and planning to potential disruptions are paramount to an integrated and connected supply chain,” said Neil Wheeldon, Chief Digital and Product Strategy Officer, PSA BDP. “Risk Monitor allows customers to gain a holistic view of their supply chain to calculate risk and review detailed, real-time data to minimise impact whilst identifying inefficiencies before they become costly.”

For more information, please click HERE for the press release.