Supply chain risk management (SCRM) is a proactive strategy that involves risk assessments, backup plans, and techniques for mitigating risks to ensure the continuity of supply chain operations and lower the possibility of interruptions. With the use of AI and ML, businesses can reduce the cost of developing and implementing an SCRM plan. The global SCRM market is projected to reach USD 6.44 billion by 2030, growing at a CAGR of 9.26% from 2023-2030.
