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Approximately 30% of company heads have witnessed a marked rise in online breaches targeting their logistics networks during the past six months, as high-profile cyber breaches on major corporations have underscored this growing risk to modern businesses.

Digital risks move up concern rankings for purchasing directors

Digital security concerns have moved up the ranking of priorities for supply chain executives at multiple organizations worldwide across various business fields including production, power and IT, according to recent professional survey carried out in early autumn.

High-profile digital attacks cause significant financial losses

Current cyber attacks at various prominent companies have resulted in losses of millions of pounds, shifting online protection from being mainly the responsibility of digital security units to becoming a significant preoccupation for executive leadership and senior leaders.

The nature of global trade, how we view international logistics networks and the technological supply environment are increasingly linked,

stated a leading industry executive.

Geopolitical elements add to distribution concerns

Earlier this year, procurement executives were notably worried about global conflicts, including continuing disputes in several areas, along with international tariff measures that impacted international trade.

Nevertheless, digital security risks are now rivalling international conflicts and trade disagreements as the most significant threat for organizations of global business groups.

Study reveals extensive effect

The research revealed that almost one-third of directors stated that businesses within their supply chains had been attacked by security breaches in the past few months.

Significant vehicle production impact

A notable vehicle producer experienced factory closures and was found itself incapable to manufacture cars for an entire month, following a digital breach that compelled the business to turn off computer systems across multiple overseas operations.

The economic impact of this four-week manufacturing halt at Britain's largest car manufacturer has been projected at approximately one hundred twenty million pounds in lost profits, or 1.7 billion pounds in foregone income, according to academic analysis from a commercial economics academic.

Current global cases

During the autumn, a prominent Japanese brewing group became the newest organization to be compelled to stop production at its domestic factories following a security incident.

The organization, which operates multiple production facilities in Japan producing beer and additional items, stated that its transaction handling functions, along with delivery systems and call center functions, had been interrupted following a systems outage caused by the security breach.

Growing integration produces weaknesses

Companies are more and more supported by external entities. Have disappeared the era of considering an company as an entity functioning in isolation.

Latest prominent cyber-attacks have served as a strong reminder to companies to invest in strong digital defences, to protect their own operations and maintain consumer trust, leading them to examine how their supply chains could become likely objectives for digital attackers.