Nearly one-third of company executives report rise in online breaches on logistics networks
Approximately 30% of company heads have witnessed a noticeable rise in online breaches targeting their logistics networks during the last six-month period, as high-profile cyber breaches on well-known companies have underscored this growing risk to modern businesses.
Cyber threats climb concern rankings for procurement managers
Online protection issues have moved up the ranking of priorities for supply chain executives at multiple companies internationally across various business fields including industrial, energy and IT, according to current industry research performed in September.
High-profile security breaches lead to significant economic damage
Recent cyber attacks at several well-known corporations have led to financial impacts of tens of millions of money, transitioning online protection from being mostly the responsibility of IT departments to becoming a major priority for corporate boards and senior leaders.
The nature of international commerce, the way we consider worldwide distribution systems and the online logistics landscape are ever more interconnected,
remarked a senior professional association head.
Global factors compound distribution worries
During previous months, purchasing directors were notably concerned about geopolitical instability, including continuing tensions in multiple areas, along with trade policies that impacted global commerce.
However, cyber threats are now competing with global tensions and tariff disputes as the most significant risk for members of international trade associations.
Study indicates extensive impact
The research revealed that nearly 30% of managers stated that businesses within their distribution systems had been targeted by cyber incidents in the past few months.
Major vehicle production effects
An important car company experienced manufacturing stoppages and was could not to produce vehicles for an entire month, following a digital breach that forced the business to disable computer systems across several international locations.
The monetary effect of this month-long production shutdown at Britain's largest car manufacturer has been projected at approximately 120 million pounds in lost profits, or 1.7 billion pounds in lost revenues, according to university research from a corporate finance professor.
Latest global incidents
During the autumn, a prominent Asian beverage company became the latest organization to be required to cease operations at its domestic factories following a digital breach.
The corporation, which maintains several manufacturing plants in its home country producing alcoholic beverages and additional items, stated that its sales management systems, along with distribution activities and client support operations, had been interrupted following a systems outage resulting from the digital intrusion.
Growing integration produces risks
Companies are progressively assisted by partner companies. Have disappeared the days of considering an company as an entity operating in independence.
Current high-profile cyber-attacks have acted as a clear warning to organizations to invest in comprehensive digital defences, to secure their internal functions and retain customer confidence, leading them to investigate how their supply chains could become potential focus points for digital attackers.
