If 2020 taught us anything, it’s that risk isn’t one-dimensional. As Covid-19 spread across the world, businesses faced massive cascading disruptions among third parties, supply chains and more.

This volatility is far from over; between the climate crisis, political tension and other rising threats, the era of cascading risk is here to stay. To survive in this new era, businesses will need the capability to identify early indicators ahead of risk events and to act proactively to mitigate those risks before they become disruptions.

In this article, Atul Vashistha, Chairman, Supply Wisdom, writes about the lessons learned from the pandemic and why enabling these capabilities will require a risk management program that blends data science, automation and artificial intelligence.