Kochi, Tuesday 20 June, 2023 – JLR Announces Groundbreaking Collaboration with Everstream Analytics to Revolutionize Supply Chain Management
Jaguar Land Rover (JLR) has exciting news to share as it embarks on a cutting-edge partnership with Everstream Analytics, the foremost experts in supply chain mapping and risk analytics. This collaboration will integrate AI technology into JLR’s supply chain management, revolutionizing the way it operates.
By harnessing this advanced technology, JLR gains the ability to monitor its supply chain in real-time, safeguarding against any potential global supply issues. This proactive approach ensures the smooth production of its current models as well as the upcoming generation of pure-electric vehicles.
The innovative technology utilizes a combination of AI, predictive analytics, machine learning, and human intuition to analyze data. It plots emerging incidents such as natural disasters, strikes, data breaches, and export issues on a global map, promptly alerting JLR to any potential impact on its supply chain.
With the capability to update in real-time, JLR takes swift measures to prevent any industrial disruptions that could hinder production and result in increased costs.
The automotive industry faced significant disruptions due to the unprecedented global pandemic and the semiconductor crisis. However, JLR’s dedicated teams have been working tirelessly to secure the supply chain. As a result, JLR is emerging from this challenging period, experiencing quarterly growth in production and wholesale volumes since Q3 FY23.
As part of its broader strategy to establish a state-of-the-art digitally enabled supply ecosystem, JLR is adopting the Everstream technology. This transformative move aims to achieve end-to-end visibility and security. Leveraging the valuable insights provided by Everstream, JLR has already taken proactive actions to prevent disruptions at global freight ports, ensuring the smooth delivery of vehicles to clients.
Barbara Bergmeier, Executive Director of Industrial Operations at JLR, emphasizes the importance of their Reimagine Strategy, which focuses on building a robust digital-first Industrial Operations ecosystem. This ecosystem combines advanced technology with long-term strategic relationships, granting JLR the ability to anticipate and manage global shocks in an increasingly unpredictable world.
Bergmeier states, “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 on the 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 of Everstream Analytics, emphasizes the complexity of global value chains serving electrified vehicles. Everstream Analytics’ AI-driven supplier visibility and insights empower JLR to proactively mitigate risks, enhance agility, and promote supply chain resilience. Gerdeman expresses pride in partnering with JLR, a visionary leader committed to driving positive and sustainable change in the automotive industry.