🔗 Share this article

Almost 30% of corporate leaders have observed a noticeable rise in cyber-attacks targeting their supply chains during the past six months, as recently reported security incidents on major corporations have underscored this growing risk to contemporary enterprises.

Online security issues move up concern rankings for purchasing directors

Digital security concerns have moved up the ranking of priorities for supply chain executives at multiple companies internationally across diverse industries including manufacturing, power and IT, according to recent professional survey performed in early autumn.

Prominent digital attacks lead to substantial economic damage

Latest cyber attacks at multiple major companies have resulted in losses of tens of millions of pounds, transitioning digital security from being mostly the focus of digital security units to becoming a significant concern for senior management and senior leaders.

The essence of global trade, the manner in which we consider worldwide distribution systems and the technological logistics landscape are increasingly connected,

stated a leading professional association head.

Global elements intensify logistics anxieties

Earlier this year, purchasing directors were especially anxious about geopolitical instability, including continuing disputes in multiple areas, along with international tariff measures that weighed on global commerce.

Nevertheless, digital security risks are now matching geopolitical shocks and trade disagreements as the most significant threat for participants of worldwide commercial organizations.

Survey indicates widespread impact

The survey found that nearly 30% of directors reported that organizations within their supply chains had been targeted by digital attacks in previous months.

Substantial vehicle production impact

A notable car company experienced production shutdowns and was could not to build automobiles for four weeks, following a cyber-attack that forced the business to disable digital infrastructure across several international locations.

The monetary effect of this 30-day production shutdown at the UK's biggest vehicle producer has been projected at approximately £120 million in missed earnings, or £1.7 billion in missed sales, according to expert assessment from a corporate finance expert.

Current international examples

More recently, a major Japanese brewing group became the most recent corporation to be forced to cease operations at its domestic factories following a cyber-attack.

The organization, which maintains numerous industrial sites in its home country producing drinks and other products, announced that its sales management systems, along with shipping operations and client support services, had been disrupted following a technical failure triggered by the security breach.

Growing interconnectedness generates vulnerabilities

Businesses are increasingly assisted by other organizations. Have disappeared the days of thinking an company as an unit operating in independence.

Recent prominent cyber-attacks have acted as a clear warning to organizations to devote funding to robust digital defences, to protect their internal functions and preserve client faith, prompting them to examine how their logistics networks could become possible focus points for cyber criminals.