Annual Awards Program Recognizes Innovation in the Global Supply Chain Technology and Logistics Industry
MILPITAS, CA., June 15, 2023 – Resilinc, a leading supply chain mapping, disruption sensing, and resiliency analytics company, today announced it has been named “Risk Management Company of the Year” in the annual SupplyTech Breakthrough Awards program conducted by SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe.
“Resilinc’s key validation and collaboration sets them apart. You can go from instant detection of an event to knowing exactly which supplier, site, product, or part will be impacted and have confirmation within hours,” said Bryan Vaughn, Managing Director of SupplyTech Breakthrough Awards. “‘Risk Management Company of the Year’ goes to Resilinc. They provide their clients with visibility that is complete, accurate and actionable. From events like factory fires, geopolitics, to human health and severe weather, their clients know exactly what might be impacted and have the information needed to avert supply chain disaster.”
Resilinc was selected as Risk Management Company of the Year out of thousands of companies operating in the supply chain technology industry. With over a decade of supply chain risk data, including a validated supplier network mapped down to the sub-tier, site, and raw material level, Resilinc enables organizations deep visibility into their multi-tier supply network and the ability to collaborate with suppliers on a single, secure platform. Resilinc’s NLP algorithms scan over 100 million news and data sources to sense disruptions across suppliers, sites, and materials, identifying alternate sources and providing companies appropriate mitigation actions. The company’s predictive solutions provide actionable insights on delivery delays, price movements, and supply constraints for raw materials and commodities up to three months ahead of time.
“This recognition is a testament to the achievements of the Resilinc team and the great work everyone at the company is doing to bring technology-driven supply chain risk management solutions to market,” said Sumit Vakil, Chief Product Officer and co-founder of Resilinc. “Modern supply chains deal with an average of 250 disruptions per week; no supply chain is risk free and we need to be prepared for more big disruptions to come. Companies must prioritize making their supply chains resilient and supply chain pros need to have a seat at the table when it comes to incorporating supply chain risk management as part of their strategic initiatives.”
The mission of the annual SupplyTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the supply chain and logistics industry today. This year’s program attracted more than 1,400 nominations from over 15 different countries throughout the world.
Resilinc is widely considered the gold standard for supply chain mapping, monitoring, risk, and resiliency. With over 1 million supplier sites mapped encompassing over 4 million parts and raw materials, we are the first line of defense for our customers, helping them navigate supply disruptions. Our early-warning alert system monitors and predicts potential disruptions across suppliers, sites, and materials; our platform enables them to collaborate closely with their suppliers and our historical data-backed insights give them options on appropriate actions to take. Always innovating, our AI-powered predictive solutions can predict delivery delays, price movements, and supply constraints for raw materials and commodities before they happen. Resilinc helps our customers protect revenue and turn supply chain risks into opportunities to gain competitive advantage. www.resilinc.com.
About SupplyTech Breakthrough
Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the SupplyTech Breakthrough Awards program is devoted to honoring innovation and market disruption in supply chain & logistics technologies, services, companies and products around the world. The annual SupplyTech Breakthrough Awards provide public recognition for the achievements of SupplyTech companies and products in categories including Inventory Management, Supply Chain Visibility, Transportation Management, Material Handling, IoT and Robotics, and more. For more information visit SupplyTechBreakthrough.com