Tuesday, June 20, 2023

JLR Harnesses The Power Of AI To Protect And Strengthen Supply Chain

* New collaboration with Everstream gives JLR advanced supply chain risk warnings.

* Investment strengthens JLR’s supply chain including supporting stable future battery.

* Supply for next generation electric vehicles, central to JLR’s Reimagine strategy.

JLR has announced a new collaboration with Everstream Analytics, the industry-leading supply chain mapping and risk analytics experts, which will embed AI into JLR’s supply chain management.

With this new technology, JLR can monitor its supply chain in real-time in order to help avert any future global supply issues, protecting the production of its current models and next generation of pure-electric vehicles.

The technology analyses data using a combination of AI, predictive analytics, machine learning and human intuition to plot emerging incidents such as natural disasters, strikes, data breaches and export issues on a global map, alerting JLR to any potential impact on its supply chain.

This capability, which updates in real-time, takes measures to avoid any industrial disruption, which could impact production and increase costs.

The unprecedented global pandemic and semi-conductor crisis caused huge disruption to the automotive supply chain. Through the tireless work of its teams dedicated to securing supply, JLR is now emerging from this period of disruption enabling the quarterly growth in production and wholesale volumes since Q3 FY23.

JLR is introducing the Everstream technology as part of a wider strategy to build a state-of-the-art digitally enabled supply ecosystem delivering end-to-end visibility and security. Using Everstream’s insights, JLR has already taken positive action to avoid disruption at global freight ports to support delivery of vehicles to clients.

Barbara Bergmeier, Executive Director, Industrial Operations at JLR: “As part of our Reimagine Strategy, we are building a robust digital-first Industrial Operations ecosystem consisting of advanced technology and long-term strategic relationships that gives us end-to-end visibility of global shocks in an increasingly unpredictable world.”

“Through our collaboration with Everstream Analytics, we are harnessing the power of AI to proactively manage risks before they cause disruption to production, ensuring we are resilient and can deliver onthe commitments we make to our clients. This foresight will become even more critical as we develop a new value chain around our next generation ultra-desirable modern luxury electric vehicles.”

Julie Gerdeman, Chief Executive Officer, Everstream Analytics: "The global value chains serving electrified vehicles are among the most complex to navigate. Everstream Analytics' AI-driven supplier visibility and insights empower JLR to proactively mitigate risks, enhance agility, and promote supply chain resilience. We are proud to partner with this visionary leader on their journey to drive positive, sustainable change in the automotive industry."

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