Predictive Analytics and Machine Learning for Real-Time Supply Chain Risk Mitigation and Agility

Supply chain agility has become a key success factor for businesses trying to handle upheavals and uncertainty in today’s quickly changing business environment. Proactive risk reduction is essential for achieving this agility. To facilitate real-time risk prevention and improve agility, this research study proposes an innovative strategy that makes use of machine learning as well as predictive analytics approaches. Traditional supply chain risk management frequently uses post-event analysis as well as historical data, which restricts its ability to address real-time interruptions. This research, on the other hand, promotes a futuristic methodology that uses predictive analytics to foresee possible disruptions.…