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Almost 30% of business executives have reported a noticeable increase in digital intrusions targeting their logistics networks during the last six-month period, as recently reported security incidents on major corporations have emphasized this growing danger to contemporary enterprises.

Digital risks move up worry scales for procurement managers

Digital security concerns have climbed the ranking of worries for procurement managers at hundreds companies internationally across multiple industries including manufacturing, power and IT, according to latest industry research conducted in September.

Major digital attacks cause substantial economic damage

Recent digital intrusions at multiple well-known companies have resulted in losses of tens of millions of pounds, transitioning cyber resilience from being primarily the focus of IT departments to becoming a significant concern for senior management and company directors.

The character of worldwide business, how we look at worldwide distribution systems and the online supply environment are progressively connected,

commented a prominent industry executive.

Global factors compound supply chain concerns

Earlier this year, purchasing directors were particularly anxious about global conflicts, including persistent conflicts in various regions, along with trade policies that affected global commerce.

However, digital security risks are now competing with geopolitical shocks and trade disagreements as the most significant risk for members of global business groups.

Research indicates broad consequences

The study discovered that nearly 30% of executives reported that businesses within their supply chains had been compromised by cyber incidents in the past few months.

Major vehicle production effects

An important car company experienced production shutdowns and was found itself incapable to manufacture cars for an entire month, following a security incident that required the company to turn off digital infrastructure across various global facilities.

The economic impact of this four-week production shutdown at the UK's biggest automotive employer has been calculated at approximately 120 million pounds in foregone income, or 1.7 billion pounds in foregone income, according to expert assessment from a business economics expert.

Latest worldwide examples

More recently, a well-known Japanese brewing group became the most recent business to be compelled to stop production at its home country facilities following a security incident.

The company, which maintains numerous industrial sites in Japan producing beer and various goods, stated that its transaction handling functions, along with delivery systems and call center services, had been halted following a technical failure resulting from the digital intrusion.

Expanding interconnectedness creates weaknesses

Companies are more and more supported by partner companies. No longer exist the era of thinking an business as an operation functioning in independence.

Current prominent digital breaches have acted as a strong reminder to businesses to invest in robust online protection systems, to secure their internal functions and retain customer confidence, leading them to examine how their supply chains could become potential focus points for cyber criminals.