🔗 Share this article

Almost one-third of company heads have witnessed a significant increase in cyber-attacks targeting their logistics networks during the last six-month period, as recently reported digital attacks on prominent businesses have highlighted this growing risk to modern businesses.

Digital risks rise priority lists for procurement managers

Online protection issues have moved up the hierarchy of worries for procurement managers at hundreds businesses globally across multiple industries including production, power and IT, according to recent industry research conducted in September.

Prominent digital attacks lead to considerable financial losses

Current digital intrusions at various prominent companies have cost them substantial sums of money, transitioning online protection from being mainly the concern of technology teams to becoming a major concern for corporate boards and company directors.

The essence of worldwide business, how we consider international logistics networks and the digital logistics landscape are progressively linked,

commented a leading industry executive.

Geopolitical considerations compound logistics worries

During previous months, procurement executives were particularly anxious about global conflicts, including ongoing disputes in multiple areas, along with trade policies that affected international trade.

However, online attacks are now rivalling geopolitical shocks and commercial conflicts as the most significant threat for participants of worldwide commercial organizations.

Survey reveals broad impact

The survey revealed that 29% of managers stated that businesses within their distribution systems had been attacked by security breaches in previous months.

Major vehicle production consequences

A notable vehicle producer experienced production shutdowns and was unable to produce vehicles for a full month, following a digital breach that required the business to shut down IT networks across multiple overseas operations.

The economic impact of this 30-day production shutdown at the United Kingdom's primary car manufacturer has been estimated at approximately one hundred twenty million pounds in missed earnings, or one point seven billion pounds in foregone income, according to academic analysis from a business economics expert.

Recent international cases

In late September, a major international drinks manufacturer became the latest corporation to be compelled to cease operations at its local plants following a cyber-attack.

The corporation, which manages multiple production facilities in its home country producing alcoholic beverages and various goods, reported that its sales management systems, along with shipping operations and client support services, had been disrupted following a network disruption resulting from the security breach.

Increasing connectivity produces vulnerabilities

Companies are progressively supported by external entities. Have disappeared the days of viewing an organization as an operation functioning in isolation.

Recent prominent digital breaches have functioned as a clear warning to organizations to devote funding to strong cybersecurity measures, to safeguard their business activities and retain client faith, prompting them to examine how their logistics networks could become likely focus points for digital attackers.