Resilinc, the supply chain mapping, risk monitoring and resiliency solution, has announced the top 30 companies in the high-tech supply chain with the best risk and resiliency programs.
Companies with a prominent UK and EU presence include IBM, Seagate, Ericsson, GSK and Sellafield Ltd, all of which did very well. These 30 companies were selected based on their Resilinc R Score, a patented risk scoring system that measures supply chain resilience using key metrics such as performance, network resilience, visibility, supply continuity and risk program maturity.
Each of the 30 companies on the list is a supplier to several high-tech OEMs and has been part of the Resilinc network for many years. All performed well based on their high level of visibility and ongoing collaboration with the OEM to provide multi-level supply chain intelligence.
This includes responding quickly with a yes/no impact status during a disruption and providing alternate locations when possible to reduce recovery time. They are all rated as high performing companies by their customers on operational metrics, including business continuity planning and reliability.
Bindiya Vakil, CEO and co-founder of Resilinc, says: “It has been a tremendously challenging time for the high-tech sector; From semiconductor constraints and geopolitical concerns to extreme shifts in demand, these companies operate in an increasingly disruptive environment.
“But despite all the challenges, the top 30 did an excellent job navigating through them and working with customers and their direct and sub-suppliers alike to quickly identify issues and proactively mitigate issues. These companies are proving that collaboration, transparency, risk monitoring, supply chain mapping and proactive mitigation are the keys to supply chain resilience. Congratulations to the 30 winners.”
Here’s what some of our Top R Score® companies had to say about the recognition and why supply chain resilience is a critical component to their business:
Bob Murphy, Chief Procurement Officer at IBM, says, “Supplier risk mitigation is essential to ensure brand trust and supply continuity. At IBM, we have developed a holistic and agile risk mitigation strategy, enabled by innovative technologies that increase our visibility and help reduce response times. Supplier and sub-supplier relationships are critical and we require all suppliers to have adequate business continuity plans in place.
“And through our supplier mapping, we know the level of resiliency of our suppliers, and that information guides decisions that can mitigate disruptions and help us find alternative sources of supply when needed. Our transformation and digitization efforts have given us a distinct competitive advantage in the current stages of global supply chain disruption.”
“Seagate is honored to be recognized with the Resilinc R Score for our supply chain resiliency,” said Marcos Meirelles, SVP of Supply Chain Management at Seagate. “This is a true testament to the hard, dedicated work of our team as they continue to lead the business through turbulent times and provide stability to our customers.”