Mumbai, 20 June, 2023.
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."