The Center for Business Analytics is pleased to recognize LOCOMeX as an honoree of the 2023 Drexel LeBow Analytics 50 Awards. Read more about how LOCOMeX used analytics to solve a business challenge.
Submitter
Fauziya Yakasai, PhD, Head of Data Science and Analytics
Company
LOCOMeX
Industry
Technology
Business Challenge
Logistics and supply chain have always been challenges that demand attention. Especially during the COVID-19 pandemic, it was evident that many organizations face supply chain disruptions and challenges, are unable to track their shipments and face delivery delays. COVID-19 exposed the lack of supply chain resiliency for so many organizations.
Analytics Solution
LOCOMeX worked closely with a few of its clients and their analytics teams to understand the data complexity and harness the data to address challenges of supply chain resilience. The company developed a data-driven supply chain optimization model that predicts and optimizes supply chain disruption risks and also tracks the impact of ESG, sustainability, supplier diversity and local or domestic content policies.
Impact
The solution helped LOCOMeX’s clients to:
- Accurately predict supply chain risks and potential for delays.
- Track and analyze ESG metrics, thereby contributing to supply chain decarbonization.
- Build sustainable business practices.
- Build a machine learning supplier based ESG risk scoring model to predict suppliers’ ESG materiality risks and impacts on supply chain resilience.