Hello everyone. Thank you for joining me. I'm Brandon Daniels, CEO of Exiger. Exiger is a supply chain visibility, orchestration, and risk management platform. We help the world's largest companies with modern slavery, cost reduction, and greenhouse gas emissions. Our mission is to make the world a safer and more transparent place to succeed. I've been on the White House COVID-19 task force and helped banks during the 2008 collapse. With the right data, you can 10x your organization. So can we make a difference? My answer is an emphatic yes, for three reasons.
First reason: organizations no longer stop at our doorstep. Over 90% of the cost of an automobile is from outside parts. Our world is outsourced. You are the bedrock of your company's survival. Procurement professionals now have a responsibility to manage these risks and turn risk into reward. But we are overwhelmed. We have extensive operational footprints and fragmented data. I've purchased five procurement and supply chain technology companies because with the right tools, you will get actionable insights.
Second reason: regulations are pushing visibility into supply chains. We face interconnected risks: financial volatility, environmental crime, modern slavery. US corporate bankruptcies rose 40% in 2023; EU bankruptcy rates have risen. $25 trillion in net losses projected by mid-century due to climate change. You are skating without ice.
Third and most important: AI provides a glimmer of hope. AI can create visibility into multi-tier ecosystems, simplify our view, bridge skills gaps, and drive automation. We can trace supply chains cost-effectively. Consider a smartphone: 80-90% of it is outsourced. One capacitor could come from a mine in the Congo with child labor or funding conflicts. Without tools, you can't see inside. AI gives us that visibility. We can prioritize criticality and bundle threats into risk, then turn risk into reward.
Start by thinking of supply chain risk management as a value driver. Build a data schema to simplify and unify systems. Use AI to manage risk. Prioritize critical parts. The advent of AI is like the steam engine. Together, we can drive efficiency, create equitable wages, better global health, and stronger economies. Turn risk into reward. Let's save the day. Thank you.
