Niebur did not say which risk management solution provider they picked, but I suspect they implemented a solution from riskmethods. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. The supply chain team understood the need for this kind of solution and Covid provided strong reinforcement for the need for this kind of solution. Their implementation of a supply chain risk management solution involved changes to their processes and how what their supply chain professionals were expected to do.These solutions can identify suppliers with financial issues, notify a company when suppliers have regulatory violations, provide intelligence on how things like natural hazards or port delays will impact a company’s supply chain, uncover the impacts of cybersecurity or political instability on supply chains, and detect several other types of threats to a supply chain in real time. By the end of 2019, Autoliv realized that there were new technologies and supply chain risk management providers that could promote a competitive advantage in their risk management program.
Because of that, they beefed up their crisis management capabilities following Fukushima. The company works hard to meet the demanding requirements for quality, innovation, and cost from their OEM customers. Autoliv is the largest supplier of safety systems to the automotive industry. As the Automotive OEMs improved their supply chain risk management processes, they then turned to their key suppliers to improve their risk management processes.
The main take aways from the presentation earlier this year were the following: targetP!, in turn, is a boutique procurement consultancy. It supplies airbags, seatbelts, and steering wheels to most of the Automotive OEMs – companies like Renault/Nissan, Volkswagen, etc. This global, Tier 1 manufacturer is headquartered in Stockholm and had revenues of over $8 billion last year. In February, Klaus Niebur, the director of global supply chain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference.Īutoliv is the world’s largest safety system supplier in automotive industry.
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