Predictive Procurement and Supply Risk Forecasting: The Future of Resilience
Modern supply chains operate within highly interconnected global networks, making them increasingly complex and interdependent. While this interconnectedness improves efficiency and market reach, it also exposes organizations to a broader range of supply risks. According to Arjit Agarwal, a strategy and transformation leader, predictive procurement and supply risk forecasting are no longer optional—they are critical enablers of value-driven procurement.
Disruptions can arise from natural disasters, geopolitical instability, sudden demand fluctuations, or supplier financial distress. Any of these events can significantly interrupt the flow of materials and services across a network. Consequently, managing supply risk has evolved into a top-tier strategic priority.