Resilinc releases supply chain risk monitoring service

Santa Clara, CA–Resilinc Corp. announced the availability of EventWatch^TMProfessional, a new supply chain risk management service providing 24×7 monitoring and detection of global events that threaten to disrupt supply chains worldwide.

Resilinc monitors thousands of global news sources, identifies critical supply chain developments, and then filters, researches and notifies clients regarding potential supply chain threats, said a company release.

Intelligent filtering capabilities eliminate redundant notifications and reduce time spent on non-supply chain impactful events, the company said.

“Prior to using EventWatch, our clients were spending a tremendous amount of time manually sifting through hundreds of news feeds per day in order to monitor global events that might impact the flow of goods and services to their customers,” said Jon Bovit, chief marketing officer at Resilinc. 

“Resilinc EventWatch streamlines this work effort and clients now receive only those notifications which have already been researched and vetted.”

Constant manual monitoring by an individual person or company for the many types of supply chain disruption events can be daunting.To address this problem, Resilinc is now offering EventWatch Professional as a way to enable all procurement, sourcing and supply chain professionals to simply and cost-effectively monitor for -and quickly respond to -potential supply chain disruptions.

Resilinc EventWatch Professional provides email notification of researched threats along with a quick summary of the event’s potential impact. Additionally, each event notification provides: event details and known impacts, industries and geographic area potentially impacted,informative links for further information and research.

Resilinc EventWatch monitors more than 25 different types of disruption events ranging from catastrophic global crises, such as earthquakes, hurricanes and floods, to isolated incidents such as factory fires and port and labor strikes, as well as government regulatory actions. 

According to its historical data on notifications covering supply chain risk events during the last year, approximately 24 unique events on average were found to have occurred each month. The company’s findings further showed that these supply chain disruption events happen globally in often remote locations and, as a result, they are often difficult to detect and mitigate without a comprehensive effort leveraging many different news sources across multiple languages, said the release.