Supply Chain Managers Gain New Tool to Address Weather-related Risk

By Patrick Burnson, Executive Editor
November 11, 2013 - SCMR Editorial

Stormpulse, Inc., a weather intelligence company, announced it will expand its focus beyond the tracking of weather related business threats with the launch of “Riskpulse, risk management software as a service (Saas) package.

According to the company, Riskpulse gathers, elevates and visualizes external risk data into one platform, thereby giving shippers the ability to adjust to changing conditions quickly and make critical decisions “on the fly.”

“After seven years of focusing on weather, we recognized that there are many other external factors that affect a company’s supply chain and every day operations,” said Matt Wensing, Stormpulse co-founder and chief executive officer. “We created Riskpulse to help companies struggling with the ‘Big Data’ problem of finding meaning in the numbers. By giving them a simple platform to visualize and interpret the world’s most threatening data in relationship to the things they care about, they can make smart decisions and uncover new opportunities.”

In an interview with SCMR, Wensing says his company is partnering with insurance and third-party logistics providers to address specific verticals.

“Automotive parts and specialized medical devices are especially vulnerable supply chains,” he says. “While many of our existing customers are from the Fortune 500, we are mostly leveraged with mid-market clients.”

Wensing adds that this new offering will enable businesses to identify, quantify, and adapt to external risks including earthquakes, crime, and travel alerts.

With real-time tracking, businesses can visualize their moving assets in relation to threats in a consumable map format. Riskpulse interprets and identifies the most pressing issues and quantifies the data with a unique risk score. The platform is entirely customized to a business’s unique risk profile and emphasizes the opportunities created by uncontrollable threats.


“Using Stormpulse over the past several years has allowed us to consistently stay a step ahead of catastrophic weather events without ever breaking our stride,” says Ravi Singhvi, Risk Placement Services, Inc. vice president of analytics and Stormpulse customer. “Stormpulse keeps us focused on our business in the heat of the moment, so we are able to make highly rewarding decisions; we imagine their expanded focus will translate to expanded opportunities for RPI.”



About the Author

image
Patrick Burnson
Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Both the mega-port of Los Angeles, and the Port of Oakland (California's third largest ocean cargo gateway, issued positive reports this month.

The American Association of Port Authorities (AAPA) applauded introduction of The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), which is bipartisan legislation to modernize and renew U.S. Trade Promotion Authority (TPA).

Container lines must accelerate their internal-transformation efforts and extract more value from their alliances in order to restore profitability, according to a new report by The Boston Consulting Group (BCG).

A.T. Kearney released the 2015 Global Retail E-Commerce Index, a study designed to help retailers devise successful global online retail strategies and identify market investment opportunities while understanding the tradeoffs and barriers to success.

The MIT Center for Transportation & Logistics (CTL) invites readers to participate in a short survey regarding Supply Chain Visibility in their organizations.

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.