Marsh McLennan has introduced a tariff simulator to its AI-powered supply chain platform, Sentrisk, enabling clients to assess tariff exposure more rapidly.
The new tool allows organisations to model the effects of changing trade policies by supply chain tier, product type and supplier relationship.
The company says clients can use the simulator to quantify tariff scenarios, manage supplier compliance and make strategic decisions to reduce disruption.
Sentrisk combines AI and satellite imaging to map complex supply chains, highlight exposures and support insurance optimisation.
Marsh McLennan’s recent survey of senior risk and finance leaders found that 74 per cent lack visibility into their supply chains.
An analysis of over 120,000 suppliers using the platform showed companies face 150 times more tariff risk on goods from China than they realise.
The study also found that 65 per cent of organisations rely on at least one hidden single-source supplier critical to operations.
“This lack of visibility not only increases tariff exposure, but also leaves firms vulnerable to production halts if a hidden single-source supplier is compromised,” the firm says.
Martin South, president and CEO of Marsh, explains: “With Sentrisk and our Tariff Simulator, clients can confidently quantify exposure to potential tariffs, anticipate price increases from their suppliers, develop proactive supply chain strategies, and manage supplier compliance with evolving regulations.”
