🔗 Share this article

Approximately 30% of corporate leaders have witnessed a noticeable rise in digital intrusions targeting their supply chains during the past six months, as recently reported security incidents on well-known companies have highlighted this growing risk to contemporary enterprises.

Online security issues climb worry scales for procurement managers

Online protection issues have moved up the ranking of worries for procurement managers at hundreds organizations worldwide across diverse industries including production, energy and IT, according to latest sector analysis conducted in the ninth month.

Major cyber incidents cause substantial monetary impacts

Recent digital intrusions at various well-known corporations have cost them tens of millions of pounds, shifting digital security from being mostly the responsibility of IT departments to becoming a primary concern for executive leadership and top executives.

The essence of international commerce, the way we consider worldwide distribution systems and the digital logistics landscape are increasingly interconnected,

stated a prominent professional association head.

Geopolitical considerations intensify supply chain anxieties

During previous months, purchasing directors were especially concerned about international tensions, including persistent conflicts in several areas, along with commercial regulations that affected international trade.

Nevertheless, online attacks are now rivalling international conflicts and trade disagreements as the most significant danger for participants of global business groups.

Study reveals extensive impact

The study discovered that almost one-third of executives indicated that organizations within their logistics networks had been attacked by digital attacks in the past few months.

Substantial vehicle production impact

A notable automotive manufacturer experienced production shutdowns and was found itself incapable to produce vehicles for four weeks, following a cyber-attack that required the business to shut down digital infrastructure across several overseas operations.

The economic impact of this 30-day production shutdown at the UK's biggest automotive employer has been calculated at approximately one hundred twenty million pounds in missed earnings, or £1.7 billion in lost revenues, according to expert assessment from a business economics professor.

Current global examples

During the autumn, a major international drinks manufacturer became the latest corporation to be compelled to halt manufacturing at its local plants following a cyber-attack.

The company, which operates multiple industrial sites in its home country producing drinks and other products, announced that its order processing capabilities, along with delivery systems and client support functions, had been halted following a network disruption caused by the cyber-attack.

Growing interconnectedness creates vulnerabilities

Businesses are increasingly enabled by external entities. Have disappeared the times of thinking an business as an operation functioning in isolation.

Recent prominent cyber-attacks have served as a strong reminder to businesses to invest in comprehensive cybersecurity measures, to safeguard their internal functions and retain customer confidence, encouraging them to investigate how their supply chains could become possible targets for digital attackers.