Gen AI in supplier risk management enhances the ability of businesses to identify and mitigate potential risks by analyzing data from multiple sources, such as financial reports, news articles, and social media. By integrating with procurement platforms and external data sources, these AI-powered supplier risk management tools enable businesses to implement proactive mitigation strategies, ensuring a stable supply chain and minimizing disruptions. This approach not only identifies financial, legal, and reputational risks associated with suppliers but also provides real-time monitoring of supplier-related developments, improving procurement decision-making with data-driven insights.