ARLINGTON, Virginia, July 8, 2021 (GLOBE NEWSWIRE) – Interos, the operational resilience company, announced today that it has significantly improved its industry-leading AI-powered platform to provide instant insight into the expanded supply chains of companies worldwide and powerful continuous insights into three main categories of risk affecting global supplier relationships impact: concentration risk; Compliance with government bans and restrictions; and environmental, social and governance (ESG) transparency.
The Washington, DC-based company’s groundbreaking SaaS platform enables private and public sector customers to map their global supplier relationships in real time and continuously monitor risks such as pandemics, natural disasters, cyber threats, unethical work practices, financial vulnerabilities and more.
“The cost of disrupting the global supply chain is an unsustainable expense that companies cannot ignore,” said Jennifer Bisceglie, founder and CEO of Interos. “We have dynamically improved our industry-leading platform, which enables businesses and government agencies worldwide to take the necessary steps to not only mitigate the effects of supply chain shocks – like the recent hacks from SolarWinds, Colonial Pipeline, JBS Foods, and Kaseya – but.” in order to avoid major disruptions from the outset, sophisticated cyber attacks on the supply chain, the threats appear deep in the chain as a multi-level challenge for the continuation of business. “
Bisceglie, a recognized expert in supply chain risk management, notes that traditional methods of semi-annual, manual supplier surveys lag far behind the multifactorial, multi-tiered challenge of both digital and physical supply chains. Today it is imperative for the C-suite to use advanced technologies for an integrated, comprehensive and continuous view of the risk landscape.
“You can’t afford to focus on just one element, no matter how big a threat like cyber. You need real-time transparency in your comprehensive supplier map and the diverse risk factors that can turn things upside down at any time: This is what the new release of our Interos Operational Resilience Cloud platform does with actionable, constantly updated data from a very extensive source . And it is this comprehensive integration that leads you to operational resilience. “
Bisceglie notes that amid an unprecedented series of supply chain shocks to the global economy – including COVID, the Suez Canal debacle, and more – a new international poll Interos’ annual global supply chain report, found that global supply chain disruptions cost large organizations an average of $ 184 million per year.
At its core, the Interos Operational Resilience Cloud forms, monitors and models the company’s extended supply chain in order to identify, manage and reduce operational, reputational and compliance risks worldwide.
The company’s unique platform capabilities include:
- Visualize and explore your supply chain down to the Nth level – see where your suppliers and subcontractors are (for example, down to the congressional district level in the US market).
- Use the world’s largest knowledge graph for business relationships so you can understand and optimize buyer and seller relationships
- Continuously monitor the health of your extended supply chain based on six main risk factors
- The most comprehensive method of assessing risk, encompassing a wide range of risk factors, variables and attributes filtered at the company, country and industry level
- Accessed through a SaaS application or APIs that incorporate the best of durability information into your business systems and data lakes
The many supply chain uncertainties the C-suite faces today include:
- Make sure that suppliers and sub-suppliers are not on the list of rejected companies
- Assess and eliminate ESG risk exposure from your suppliers and sub-suppliers
Last week’s massive, supply chain-focused ransomware attack on Miami-based IT management software provider Kaseya illustrates the need for greater vigilance from both the public and private sectors.
Noel Calhoun, CTO of Interos states, “In a global hack, these cybercriminals caught Kaseya, Kaseya’s MSP customers, and then those MSPs’ customers. That’s a great leverage, and that’s why supply chain attacks against software vendors are potentially so dangerous. SolarWinds and Kaseya aren’t the only two companies that offer remote IT management software. One data point is one point and two data points are one line. One must now assume that this trend will continue. “
To learn more about Interos, visit www.interos.ai.
Interos is the operational resilience company – reinventing the way companies manage their supply chains and business relationships – through our groundbreaking SaaS platform that uses artificial intelligence to model the ecosystems of complex businesses and into a living global map to transform, right down to every single supplier, everywhere. The Interos Operational Resilience Cloud reduces months of backward manual entries in spreadsheets to instant visualizations and continuous monitoring, helping companies around the world reduce risk, avoid disruptions and achieve superior corporate adaptability. Businesses can also discover breakthrough opportunities to radically change the way they see, learn, and benefit from their relationships.
Washington, DC-based Interos serves global clients with mission-critical, independent relationships in their main areas of operation: supply chain, finance, cybersecurity, regulatory and ESG compliance, and geographic. The rapidly growing private company is led by CEO Jennifer Bisceglie and supported by investors Venrock and Kleiner Perkins. For more information, visit www.interos.ai.
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