Each industry has its own nuances. The chemicals industry is particularly very challenging because of its supply chain issues. The black swan events, such as winter storms or macroeconomic changes, can shake any model, regardless of how sophisticated it might be. But the more information you have about your operations, regardless of whether internal or external supply chain, the more prepared you are likely to be for such events. And even if you are not prepared, the data will help create the playbook and minimize the risks caused by these disruptions.
In today's episode, our guest, Beth Schlitt, discusses the supply chain issues of the chemical industry. She shares several stories of recent disruptions and what supply chain leaders need to do to plan the risks. Finally, she shares her insights into how to plan for data governance in larger organizations and why companies must invest in modern technologies such as AI and machine learning.
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