Why You Should Be Worried About the Future of Supply Chain Security?

In daily commerce, your supply chain, and the management of it, is a critical component of any organization.

Management includes the flow of goods and services, between businesses and locations, the movement and storage of raw materials, work-in-process inventory, finished goods as well as end to end order fulfillment from point of origin to point of consumption.

In a recent white paper published by McKinsey & Company; “in the last decade, a number of organizations have been rocked by unforeseen supply-chain vulnerabilities and disruptions.” “And multiple government organizations and private businesses have struggled with cybersecurity breaches, losing critical intellectual property due to failures in the supplier ecosystem.” “At the heart of these crises is a common theme—the lack of robust processes to identify and successfully manage growing supply-chain risks as the world becomes more interconnected with new threats, such as cyber-ransom attacks.”

Particularly in challenging economic times and the disruption with the recent COVID19 pandemic has not only caused lack of information security safeguards in the supply chain, along with the spawning a rise in the cyber-attacks, due to work from home, work stoppages or shut down due to the lack of employees to fulfill the orders. The visibility of risk management tends to rise and fall with reported disasters.

Increasingly, there are formal roles devoted to risk management, or risk management is becoming a formal responsibility of existing supply chains’ material and operational management roles.

Dsyfer, provides organizations a suite of products for managing their supply chain with our Contracts Management Platform. From tracking annual risk assessment questions to security policy adoption and eLearning offerings. Sybersafe has a solution for your organization.

Dsyfer can help. For more information, call a client service member at 480.779.4653 or email info@sybersafe.com