HUB INTERNATIONAL LAUNCHES CROSS-INDUSTRY HUB SUPPLY CHAIN AI RISK SOLUTIONS
Integrated Data and Tracking and Enhanced AI Technology, and Stock Throughput Insurance Offering for Supply Chain Optimization
"By using HUB Supply Chain AI Risk Solutions, our clients have a faster, streamlined approach to managing supply chain risks and dynamic inventory replenishment," said
A supply chain is the lifeline for many organizations, yet there are many risks, including disruptions to inventory management and transportation logistics, as well as challenges in sourcing, manufacturing and delivering final products. HUB Supply Chain AI Risk Solutions offers an approach to manage supply chain risk, minimize disruptions and help organizations obtain the best insurance rates and coverage. The product includes the following components, which are available separately or can be combined:
- Integrated data and tracking by seamlessly sharing data from technology components such as GPS tracking and temperature control systems to help lower stock throughput insurance rates and total cost of risk. AI-enabled technology, powered by Throughput AI, gives an accurate view of inventory valuation from manufacturing through final delivery, providing real-time insurance pricing based on current value, lower deductibles and profit-sharing capabilities.
- Enhanced AI technology allows organizations to optimize inventory management and takes the guesswork out of demand planning. Throughput AI provides real-time supply dynamics with point-of-sale data for demand sensing and intelligent inventory replenishment.
- Stock throughput insurance provides end-to-end risk coverage for inventory from sourcing raw materials, through the manufacturing process and until the finished product has reached its destination. Unlike standard cargo coverage, stock throughput insurance provides coverage for inventory under one policy, even when products are in storage or in the production process.
For more information on HUB Supply Chain AI Risk Solutions, click here.
About Hub International
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Phone: 312-596-7573
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SOURCE Hub International Limited
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