Materials & Chemicals
How Vertaeon Solves Problems for This Sector
Challenge
Solution
Supply Chain and Material Availability
Global organizations have an obligation to ensure appropriate levels of inventories for products, devices, and medicines to support consumer demand. During times of war and pandemics, supply availability is even more critical. While it has been an impressive feat to design, build, and scale production processes for various nodes along the supply chain, global manufacturing organizations and their distributors are limited in supply of raw materials, components, pharmaceuticals, and the packaging material required.
Identification and assessment of high-risk suppliers and partners in a material-constrained world
Assessment of previous failures in delivery delays
Evaluation of alternate suppliers
Quality and Efficacy
High supply chain competencies are critical to quality and effectiveness of products ranging from food & beverage ingredients to pharmaceuticals. A product recall can have a significant impact on a smaller company’s profitability and survival.
Assess historic trends in quality, equipment failures and overall operational risks to identify the potential for a delay for a product category or from a specific supplier or region
Engage with the suppliers and plan for contingencies
Design Integrity and Regulatory Compliance
Manufacturing capabilities and availability of raw materials impact product registration of products around the world. The existence of qualified raw materials and highly capable component manufacturers ensures that products are made to specification to fulfill registration compliance.
Assess and monitor compliance to ISO and other global standards, as well as findings in global regulatory authorities non-compliance trends
Monitor certifications status for many areas
Natural Disasters
Natural disasters have had a significant impact on global supply chains across multiple industries. There were 28 weather and climate disasters in 2023, surpassing the previous record of 22 in 2020, tallying a price tag of at least $92.9 billion, per climate.gov.
Map risk levels of each location for multiple natural disasters.
Enable dynamic risk events’ monitoring on hurricanes, typhoons, tornadoes, wildfires, and more globally
