Avoiding supply chain bottlenecks with Big Data


Dec 2, 2022

 

On Nov 29, Complexity Science Hub Vienna (CSH) invited international experts to discuss the resilience of supply chains. The researchers were united in their Christmas wish: more data.

 

Public Panel at CSH about Supply Chain Resilience
Public panel discussion at CSH on supply chain resilience

 

We are currently facing multiple crises: Inflation crisis, energy crisis, democracy crisis, migration crisis, political crisis, information crisis, not to mention the Ukraine crisis and the climate crisis. “The next possible crisis we should be prepared for is that of supply chains. We have already seen the first signs that a supply crisis is possible,” Stefan Thurner from Complexity Science Hub states.

 

Small disruptions can grow big

 

Supply chains can grow to thousands and thousands of firms, where small disruptions are able to cascade across global networks. Therefore, it is crucial to increase their resilience. “To really understand supply chain resilience, we need to understand economics,” explains Doyne Farmer, of the University of Oxford and External Faculty at CSH.

 

Avoiding energy bills from skyrocketing

 

For this reason, it is essential to get data. This is immensely relevant right now, since a very concrete, current example shows us the importance of making supply chains more resilient: at the moment, people’s energy bills are suddenly skyrocketing due to problems in the supply chain, Farmer says. Bottlenecks like these could be avoided in the future.

Furthermore, if we had been able to predict how the pandemic would affect supply chains, we could have started producing masks sooner, according to Farmer. Data-driven, interdisciplinary models create entirely new opportunities in this process.

 

New picture of the world

 

“Now, for the first time, we are seeing supply chains at firm level, and that opens up a total new picture of the world,” Thurner states. This research approach is still at an early stage, but at a CSH workshop this week alone, international researchers presented several new methods that allow us to identify the weak spots of the economy and ensure that supply chains will remain intact, Farmer says.

 

Christmas wish: more data

 

For the future, the scientists would like to see one thing above all: more data and more transparency. „Visibility can now be increased through means that were previously not possible. The use of predictive tools, or AI algorithms, has made digital supply chain surveillance possible on a scale that was not previously possible,” Alexandra Brintrup, of the University of Cambridge says.

The data needed to do that has to be very accurate, whereby details matter a lot. Besides, new methodologies, like using phone data, government and tax data play a crucial role. “Science will depend on the ability of governments to get the data and host it in a secure way,” Thurner says.

 

Getting this idea into people’s heads

 

Karin Doppelbauer, Member of the National Council, puts this in a governmental perspective: “I don’t even think there is a vision from governmental perspective on how to manage the data so that it is used transparently and the security of the data is maintained. Additionally I think the third question is what we want to do with the data.” Governments sometimes look at these new technologies in a way that is more about what they can restrict, rather than seeing the opportunities, she continues. “First of all, we have to think about how we can get this issue into the hearts and minds of the people,” because, at the moment, Doppelbauer does not see that happening in Austria. “We should paint a picture that shows the possibilities,” she said.

 

Challenge for industry

 

Companies , moreover, face another conflict, namely whether data on supply chains should be public or not. “The answer is yes and no. Resilience in supply chains is a competitive advantage. It is important [for companies] to protect its competitive advantage and resilience and not let anyone see them. The flipside – as we saw during the pandemic – is that we can only understand what is coming down the line if we collaborate to have resilience in multiple supply chains,” Byron McGill from Aviva Insurance states.

In any case, there is agreement on one thing: in the future, the resilience of supply chains will play an important role – in politics, business and science.


Research News

Jan 24, 2023

Berlin could produce more than 80% of its fresh vegetables locally

Publication

N. Pontika, T. Klebel, A. Correia, H. Metzler, P. Knoth, T. Ross-Hellauer

Indicators of research quality, quantity, openness and responsibility in institutional review, promotion and tenure policies across seven countries

Quantitative Science Studies 1-49

Publication

V.D.P. Servedio, M. R. Ferreira, N. Reisz, R. Costas, S. Thurner

Scale-free growth in regional scientific capacity building explains long-term scientific dominance

Chaos, Solitons & Fractals 167 (2023) 113020

Press

Totes Netz [feat.Christian Diem]


Ö1 Dimensionen, Jan 24, 2023

Event

Pressemeeting: Erste Ergebnisse zur Bekämpfung von Cyberkriminalität


Jan 31, 2023 | 16:3017:30

Complexity Science Hub Vienna

Spotlight

Jan 20, 2023

CSH-STATEMENT | New methods for investigating child pornography

Press

Staatsanwälte jagen mit Datenforschern Cyberkriminelle [feat.Bernhard Haslhofer]


Salzburger Nachrichten, Jan 27, 2023

Event

An Evening with Art & Science at the Hub: Autophagic landscapes: on the paradox of survival through self-degradation by Ayelen Valko & Dorotea Fracchiolla


Jan 27, 2023 | 18:0022:00

Complexity Science Hub Vienna

Press

Arzneimittelengpass in Österreich [feat.Peter Klimek]


Ö1 / Morgenjournal, Jan 24, 2023

Event

CSH Talk by Lioba Heimbach: Front-running in Decentralized Finance and Possible Solutions


Jan 27, 2023 | 15:0016:00

Complexity Science Hub Vienna

Publication

W. Schueller, J. Wachs, V. D. P. Servedio, S. Thurner, V. Loreto

Evolving collaboration, dependencies, and use in the Rust Open Source Software ecosystem

Scientific Data 9 (2022) 703

Research News

Jan 23, 2023

Predicting human group sizes with physics

Research News

Jan 24, 2023

Berlin could produce more than 80% of its fresh vegetables locally

Publication

N. Pontika, T. Klebel, A. Correia, H. Metzler, P. Knoth, T. Ross-Hellauer

Indicators of research quality, quantity, openness and responsibility in institutional review, promotion and tenure policies across seven countries

Quantitative Science Studies 1-49

Publication

V.D.P. Servedio, M. R. Ferreira, N. Reisz, R. Costas, S. Thurner

Scale-free growth in regional scientific capacity building explains long-term scientific dominance

Chaos, Solitons & Fractals 167 (2023) 113020

Press

Totes Netz [feat.Christian Diem]


Ö1 Dimensionen, Jan 24, 2023

Event

Pressemeeting: Erste Ergebnisse zur Bekämpfung von Cyberkriminalität


Jan 31, 2023 | 16:3017:30

Complexity Science Hub Vienna

Spotlight

Jan 20, 2023

CSH-STATEMENT | New methods for investigating child pornography

Press

Staatsanwälte jagen mit Datenforschern Cyberkriminelle [feat.Bernhard Haslhofer]


Salzburger Nachrichten, Jan 27, 2023

Event

An Evening with Art & Science at the Hub: Autophagic landscapes: on the paradox of survival through self-degradation by Ayelen Valko & Dorotea Fracchiolla


Jan 27, 2023 | 18:0022:00

Complexity Science Hub Vienna

Press

Arzneimittelengpass in Österreich [feat.Peter Klimek]


Ö1 / Morgenjournal, Jan 24, 2023

Event

CSH Talk by Lioba Heimbach: Front-running in Decentralized Finance and Possible Solutions


Jan 27, 2023 | 15:0016:00

Complexity Science Hub Vienna

Publication

W. Schueller, J. Wachs, V. D. P. Servedio, S. Thurner, V. Loreto

Evolving collaboration, dependencies, and use in the Rust Open Source Software ecosystem

Scientific Data 9 (2022) 703

Research News

Jan 23, 2023

Predicting human group sizes with physics

Research News

Jan 24, 2023

Berlin could produce more than 80% of its fresh vegetables locally

Spotlight

Jan 20, 2023

CSH-STATEMENT | New methods for investigating child pornography

Research News

Jan 23, 2023

Predicting human group sizes with physics

Research News

Jan 19, 2023

Simply explained: Decentralized Finance, Blockchains and smart contracts

News

Jan 16, 2023

CSH Winter School is off to a great start

Spotlight

Jan 11, 2023

Explore the world's supply chains

Research News

Jan 3, 2023

Diabetes mellitus: Women are at higher risk of venous thromboembolism than men

Research News

Dec 28, 2022

NO CRITICAL MASS OF SCIENTISTS: TRY TO BE A PIONEER

Research News

Dec 19, 2022

Of mice and men

Research News

Dec 14, 2022

Tweets can prevent suicides

Press

Staatsanwälte jagen mit Datenforschern Cyberkriminelle [feat.Bernhard Haslhofer]


Salzburger Nachrichten, Jan 27, 2023

Press

Totes Netz [feat.Christian Diem]


Ö1 Dimensionen, Jan 24, 2023

Press

Arzneimittelengpass in Österreich [feat.Peter Klimek]


Ö1 / Morgenjournal, Jan 24, 2023

Press

Stoppt den Kindesmissbrauch [feat.Bernhard Haslhofer]


ORF 2 / Thema, Jan 24, 2023

Press

Menschen verhalten sich wie Teilchen mit Spin [feat.Stefan Thurner, Jan Korbel]


APA-Science, Jan 23, 2023

Press

Infographie. Quels sont les animaux malades du Covid? [French] [feat.Amélie Desvars-Larrive]


Courrier International, Jan 21, 2023

Press

Ökonomische Netzwerke durchschauen [feat.Matthias Raddant]


upgrade (46-49), Jan 11, 2023

Press

Wie der Kreml geflohene Russen drangsaliert [feat.Johannes Wachs]


Handelsblatt, Jan 20, 2023

Press

Код на исходе [Russian][feat. Johannes Wachs]


Novaya Gazeta Europe, Jan 11, 2023

Press

So machen wir den Markt kaputt [feat.Stefan Thurner]


Die Presse, Jan 8, 2023

Publication

V.D.P. Servedio, M. R. Ferreira, N. Reisz, R. Costas, S. Thurner

Scale-free growth in regional scientific capacity building explains long-term scientific dominance

Chaos, Solitons & Fractals 167 (2023) 113020

Publication

M. Leutner, M. Butylina, C. Matzhold, et al.

Simvastatin therapy in higher dosages deteriorates bone quality: Consistent evidence from population-wide patient data and interventional mouse studies

Biomedicine & Pharmacotherapy 158 (2023) 114089

Publication

W. Schueller, J. Wachs, V. D. P. Servedio, S. Thurner, V. Loreto

Evolving collaboration, dependencies, and use in the Rust Open Source Software ecosystem

Scientific Data 9 (2022) 703

Publication

N. Pontika, T. Klebel, A. Correia, H. Metzler, P. Knoth, T. Ross-Hellauer

Indicators of research quality, quantity, openness and responsibility in institutional review, promotion and tenure policies across seven countries

Quantitative Science Studies 1-49

Publication

H. Kong, S. Martin-Gutierrez, F. Karimi

Influence of the first-mover advantage on the gender disparities in physics citations

Communications Physics 5 (243) (2022)

Publication

A. Pichler, M. Pangallo, M. del Rio-Chanona, F. Lafond, D. Farmer

Forecasting the propagation of pandemic shocks with a dynamic input-output model

Journal of Economic Dynamics and Control (2022) 104527

Publication

J. Lasser, S. Taofeek Aroyehun, et al.

Social media sharing of low quality news sources by political elites

PNAS Nexus (2022) pgac186

Publication

R. Prieto Curiel, A. Schumann, I. Heo, P. Heinrigs

Detecting cities with high intermediacy in the African urban network

Computers, Environment and Urban Systems 98 (2022) 101869

Publication

T. Reisch, G. Heiler, C. Diem, P. Klimek, S. Thurner

Monitoring supply networks from mobile phone data for estimating the systemic risk of an economy

Scientific Reports 12 (13347) (2022)

Publication

G. De Marzo, F. Pandolfelli, V.D.P. Servedio

Modeling innovation in the cryptocurrency ecosystem

Scientific Reports 12 (12942) (2022)

Publication

A. Nerpel, et al.

SARS-ANI: a global open access dataset of reported SARS-CoV-2 events in animals

Scientific Data 9 (438) (2022)

Publication

M. Kaleta, J. Lasser, E. Dervic, et al.

Stress-testing the resilience of the Austrian healthcare system using agent-based simulation

Nature Communications 13 (4259) (2022)

Event

CSH Talk by Lioba Heimbach: Front-running in Decentralized Finance and Possible Solutions


Jan 27, 2023 | 15:0016:00

Complexity Science Hub Vienna

Event

An Evening with Art & Science at the Hub: Autophagic landscapes: on the paradox of survival through self-degradation by Ayelen Valko & Dorotea Fracchiolla


Jan 27, 2023 | 18:0022:00

Complexity Science Hub Vienna

Event

Pressemeeting: Erste Ergebnisse zur Bekämpfung von Cyberkriminalität


Jan 31, 2023 | 16:3017:30

Complexity Science Hub Vienna

Event

CSH Talk by Sandor Juhasz: "Amenity complexity and the diversity of visitors in cities"


Feb 03, 2023 | 15:0016:00

Complexity Science Hub Vienna