Tag: risk management

The photo-realistic image illustrating a modern industrial setting or manufacturing floor with digital overlays, indicating AI and IoT in action, is now ready. It features digital screens displaying safety metrics and workers using wearable tech gadgets, set in a futuristic workplace safety environment.

Digital Supply Chain November 21, 2023November 21, 2023

The Pivotal Role of Technology in Enhancing Environmental Health and Safety

In the realm of Environmental Health and Safety (EHS), the winds of change are blowing strong and steady. As the host of the Digital Supply Chain podcast, I recently had the privilege of delving into this topic with Donovan Hornsby, Chief Strategy Officer at Benchmark Gensuite. Our conversation showed the profound impact that technology, particularly AI and data management systems, is having on EHS practices. This post aims to share some of these insights and explore the transformative power of technology in EHS.

Tech-Driven EHS: More Than Compliance

The traditional EHS model, often compliance-driven, is being fundamentally redefined. We’re transitioning from reactive to proactive strategies, with technology at the forefront. Consider, for example, the use of AI and machine learning. These tools can analyze historical incident data and predict potential hazards, allowing organisations to preemptively address risks. A study by McKinsey suggests that AI could reduce workplace injuries in manufacturing environments by up to 20%.

AI and Machine Learning: Game Changers in Risk Assessment

One of the most compelling takeaways from my conversation with Donovan was the pivotal role of AI and machine learning in EHS. These technologies are not just about compliance; they’re about preemptively identifying and mitigating risks. By processing vast datasets, AI can uncover hidden patterns and correlations that might escape human analysis. For instance, predictive analytics can forecast equipment malfunctions or system failures, thus preventing accidents before they occur. This approach is not just about hazard identification; it’s about creating a safer, more informed workplace.

IoT and Wearable Tech: Real-Time Monitoring and Safety

Another technological marvel reshaping EHS is the Internet of Things (IoT) and wearable technology. During the podcast, we didn’t delve deeply into IoT and wearables, but these technologies are worth noting for their impact on EHS. Devices equipped with sensors can monitor environmental conditions like toxic gas levels or extreme temperatures, alerting workers and managers to potential dangers. Wearables can track physiological data, warning of fatigue or other health risks. According to a report by Verdantix, the use of wearables in EHS is expected to see significant growth, highlighting their value in real-time safety monitoring.

Data Management Systems: Centralising EHS Insights

Donovan emphasized the importance of robust data management systems in our discussion. Robust data management systems are crucial. They enable the integration of disparate data sources, providing a comprehensive view of EHS metrics. Such systems not only streamline compliance reporting but also offer insights for continuous improvement. For instance, a unified EHS platform can track sustainability metrics, aiding in a company’s journey towards reduced carbon footprint and environmental stewardship.

The Challenges Ahead

As we advance technologically, the challenge lies in balancing tech implementation with human factors. Technology should complement, not replace, human expertise. Continuous education and training are crucial to ensure effective utilisation of these tools.

The Road Ahead: Technology as a Catalyst for Change

The integration of technology in EHS is a journey toward a safer, more sustainable workplace. As discussed with Donovan Hornsby, these advancements empower organisations to move beyond traditional compliance models, fostering a proactive safety culture.

To explore these concepts further and hear our full discussion, I invite you to listen to this episode of the Digital Supply Chain podcast.

As we navigate this path, it’s clear that technology is not just an enabler but a necessary catalyst for building safer, more responsible business environments. Embracing these innovations is imperative for any organisation committed to safety and sustainability.

The future is not only about meeting standards; it’s about setting new ones.

Digital Supply Chain March 18, 2023March 18, 2023

Embracing ESG in Supply Chains: Insights from Dean Alms, Chief Product Officer of Aravo

The world of supply chain management is evolving rapidly, and one of the most significant factors driving this change is the increasing importance of Environmental, Social, and Governance (ESG) considerations. In a recent episode of the Digital Supply Chain podcast, I had the pleasure of speaking with Dean Alms, Chief Product Officer of Aravo, a leading provider of ESG and risk management solutions. Dean shared his invaluable insights into how ESG is shaping the future of supply chain management and how companies can strategically align their initiatives for maximum impact.

One of the key takeaways from our conversation was the concept of “thinking big, starting small, and growing fast” when it comes to implementing ESG initiatives. Dean emphasized that while companies should have a long-term vision for their ESG goals, it’s crucial to begin by tackling one issue at a time and gradually expanding their efforts. This approach allows businesses to be agile and adapt as regulations and industry standards evolve.

Dean shared an example of Aravo’s Strategic Alignment Framework, which is designed to help companies align their ESG initiatives with their overall business strategy. The framework is set to be available online soon, and Dean mentioned that it would likely roll out at the end of March. This resource will be invaluable for companies looking to establish a solid foundation for their ESG programs.

Video of the podcast

During our discussion, Dean also touched upon the importance of the “3 P’s of procurement” – product, price, and practices. Historically, procurement decisions were primarily based on product and price, but now, companies must consider the ethical and sustainable practices of their suppliers as well. This shift is transforming the way businesses approach their supply chains, as they must now evaluate the social and environmental impact of their purchasing decisions.

Dean provided real-world examples of how companies in various industries are making strides in ESG and risk management. In the consumer packaged goods sector, businesses are working closely with farmers and manufacturers to ensure adherence to ethical business practices and environmental sustainability. Similarly, pharmaceutical companies are focusing on compliance-driven aspects of ESG, such as anti-bribery, corruption, and data privacy.

As we wrapped up our conversation, Dean discussed the future of ESG and risk management in supply chains. He highlighted the growing complexity of managing extended enterprises and the need to stay on top of an ever-increasing number of regulatory agencies and requirements. Dean’s insights underscore the critical role ESG and risk management will play in shaping the future of supply chains, as companies must adapt to these new requirements and expectations.

As I listened to Dean discuss the future of ESG and risk management in supply chains, I couldn’t help but feel optimistic about the potential for positive change. With companies like Aravo at the forefront of promoting sustainable and ethical business practices, we are undoubtedly moving towards a more responsible and transparent supply chain ecosystem.

I encourage you to listen to the full episode of the Digital Supply Chain podcast featuring Dean Alms to gain a deeper understanding of how ESG and risk management are transforming the supply chain landscape. This episode is a must-listen for anyone interested in staying ahead of the curve and embracing the opportunities presented by this rapidly evolving field. And the episode is also available to watch on YouTube.

If you enjoy this episode, please consider following the podcast and sharing it with others who may be interested. And as always, if you find the podcast of value, and you’d like to help me continue to make episodes like this one, you can go to the podcast’s Support page and become a Digital Supply Chain podcast Supporter for less than the cost of a cup of coffee!

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Thank you!

Digital Supply Chain February 17, 2023

The Role of AI in Making Shipping Safer, Smarter, and More Sustainable

I’m excited to share the latest episode of the Digital Supply Chain podcast with you. This week, I had the pleasure of chatting with Ami Daniel, the co-founder and CEO of Windward, a company that provides maritime data and analytics to the supply chain industry.

During the episode, Ami shared some fascinating insights into how the company’s technology is being used to help various stakeholders in the supply chain ecosystem, from regulators to shippers to freight forwarders. We discussed Windward’s journey as a company, their plans for the future, and the challenges they’ve faced along the way.

One of the main topics we explored was the importance of data in the supply chain industry. Ami explained how Windward’s data is being used to increase transparency, reduce friction, and drive efficiency in the shipping industry. We also talked about the challenges of working with data at such a large scale and how Windward is using AI and machine learning to make sense of the vast amounts of information they collect.

Another interesting area we delved into was the impact of the COVID-19 pandemic on the supply chain industry. Ami shared his perspective on how the pandemic has accelerated the adoption of technology in the industry, as well as the challenges it has posed to various stakeholders in the ecosystem.

Ami also shared how data can be used to tackle illegal fishing and labor abuse in the global shipping industry, as well as with compliance with the Jones Act.

If you’re interested in the supply chain industry or the role of data in driving efficiency and transparency, I highly recommend you check out this episode of the Digital Supply Chain podcast. You can listen to it here or click the player above.