Exiger, the global leader in AI-powered supply chain and third-party risk management solutions, today announced the launch of Supply Chain Explorer, Exiger’s proprietary real-time supply chain risk detection SaaS platform that empowers companies and government agencies to rapidly surface, understand and mitigate critical threats to their immediate and extended supplier networks.
Purpose-built in response to market and client demand, Supply Chain Explorer was developed in close collaboration with some of the largest corporations and critical government agencies. Supply Chain Explorer allows users to visualize, prioritize and escalate high risk relationships. A modular three-in-one solution, Supply Chain Explorer discovers supplier networks across digital footprints, global shipping data and contract awards data in a centralized application, delivering unparalleled transparency into supplier risk for government agencies and critical infrastructure sectors, including the Defense Industrial Base.
Exiger’s customers have already battle-tested the software throughout some of the most volatile geopolitical, industrial and supply chain issues in history. Over the last six months, Exiger has been working with customers to ensure the relevance and accuracy of the product to their mission. The product has been used to detect, quantify and mitigate risk in under 24 hours across a number of different supply chain crises and cyberattacks. Supply Chain Explorer is currently used by corporations and federal government agencies to analyze Russia–Ukraine war supply disruptions, prioritize and understand Log4j impacts on their enterprise, and most recently, to assess their vulnerability to the Okta breach.
One beta customer of Exiger’s Supply Chain Explorer noted, “My team was tasked with identifying high-impact vendors in a specific region. Exiger’s commerce Supply Chain Explorer quickly gave us visibility not only [into] risk with direct suppliers, but [also] allowed us to work into the sub-tiers. Given the quick turnaround time of the request, Exiger’s tool proved invaluable to providing a timely and thorough answer to our [stakeholders].”
In a recent global market study of over 300 risk management professionals, Exiger, in partnership with Stax Inc., found that 77% of large companies indicated the need to monitor risks of suppliers down to Tier 3 or deeper.
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“The turbulence of the market has given us unique insight into the challenges our clients face in trying to understand their supplier networks in both their day-to-day work and in a crisis,” said Brendan Galla, Exiger’s Chief Product Officer.
Reflecting on the last two years of product development and supply chain analytics work, Brendan added, “For instance, ideating how you could use our cyber Supply Chain Explorer to identify the impact of a compromise in your software environment went from theoretical to mission-critical overnight as the Log4j news broke last year. The creation of this product was a unique opportunity to both understand our clients’ needs and help them resolve real-world issues – this effort was an embodiment of Exiger’s mission to make the world a safer place through technology.
About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks manage risk through its combination of technology-enabled and SaaS solutions. In recognition of the growing volume and complexity of data and regulation, Exiger is committed to creating a more sustainable risk and compliance environment through its holistic and innovative approach to problem solving.