Risk #2: Lack of Sub-Tier Transparency
Eight in ten automotive manufacturers list visibility as their top hurdle
Challenges: Automotive OEMs and suppliers realize that transparency of their supply base, vendors, and third parties is critical. According to the Business Continuity Institute, more than half of supply chain disruptions occur below tier 1.
With The riskmethods Solution, you can:
- Get visibility into your sub-tier suppliers (also called tier 2 suppliers), third parties, and all transportation routes on a world map
- Monitor your end-to-end supply chain from n-tier suppliers to end customers in real-time
Check out our blog article and find out why supplier viability is a threat for automotive industry.