Cybersecurity risks are growing and suppliers should pay attention


Good morning! National Cheesecake Day is July 30th. Who knew?

The COVID-19 pandemic has weakened security at logistics companies. Employees who have been laid off or resigned have pertinent information still in possession, passwords, and integral secrets that jeopardize the framework of many firms.

Check out today’s featured article from Supply Chain Brain to read about the growing threat to suppliers and why cybersecurity strategies are important for advancing a company’s status in the supply chain industry.

Computer code flashing with red bold letters reading, "warning! hacking detected!"

Warning Cyber Attack GIF By Sandia National Labs via GIPHY


Featured Article:

Why Suppliers Must Be Part of Cyber-Risk Strategy - SupplyChainBrain

“Cybersecurity risks are rising fast, and it’s not enough for you to secure your data and IT systems within the four walls of your enterprise; you need to make sure your suppliers are not exposing you to attacks as well.”

READ THE ENTIRE SUPPLYCHAINBRAIN ARTICLE HERE

Water Cooler Topics

🤝 FedEx Corporation’s ground unit chief, John Smith, released a memo last week that has upset some of its 6,000 independently run companies used for deliveries. He stated in the memo that the company will not “discuss, negotiate, or renegotiate” any new contract terms with the group collectively or by a representative in any form. They will review on an individual basis instead, signaling to some the avoidance of any sort of union-like body.

🇹🇷 The southern port city of Odessa, Turkey is seizing an opportunity - establishing a new shipping coordination center in Istanbul. The basis of this decision is due to the recent United Nations regarding grain exports flowing from the Black Sea to avoid further food shortages throughout the globe. The coordination center will be staffed by members of all four parties who came to the agreement at the UN - Russia, Ukraine, Turkey, and the UN. Ships have been gridlocked in the Black Seas since Russia’s invasion of Ukraine in late February.

🚢 Used tanker ships are a hot commodity market as soaring freight rates prompt companies to choose to buy vessels instead of renting them. Demand is surpassing availability, making those who want new tankers wait for up to three years for their orders to be fulfilled. January through July of 2022, 184 clean tankers worth $3.79 billion were sold to shippers in seven months.


Quote of the Day:

Highway overpass at night stretching over the street.

“Success usually comes to those who are too busy to be looking for it.”

Henry David Thoreau, essayist, poet, and philosopher



Previous
Previous

DHL Global Forwarding predicts 30% drop in Chinese manufacturing

Next
Next

Robots are here to enhance employee operations, not replace them