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Securing the Supply Chain During Periods of Instability
supply chainpeople
Securing the Supply Chain During Periods of Instability
Five Proactive Steps Towards Stabilisation
Global pressures on the supply chain increase significantly during periods of instability and conflict. There is a heightened risk of major business disruption via cyber attacks that target suppliers. Another ‘NotPetya’ type attack that targets one affected country could have an impact felt around the rest of the world.
Organisations must review their suppliers’ inventories, potentially cutting back on their links with suppliers in affected regions.
1. Review your suppliers’ inventories
2. Update supply chain information risk assessments
3. Increase efforts to manage high-risk suppliers or those with undefined risk posture
4. Follow a robust process when terminating supplier relationships
5. Test your incident response plan
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Securing the Supply Chain During Periods of Instability