A map of supplier sites and distribution centers being tracked by The riskmethods Solution is seen in this handout screengrab taken on June 12, 2020. With pandemic-induced lockdowns cutting off supplies of critical raw materials and components, and social distancing guidelines increasing the cost of manual labour, business is booming at companies like riskmethods that offer digital tools to help map out supply-chain risks, run factories and even forecast demand. — Riskmethods Solution/Handout via Reuters
CHICAGO: For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimises risks in operating globally spread supply chains.
Until recently, that has been a tough sell.
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