Jim Fechner

Another great week here at Supply Chain Now! Have you listened to all the episodes this week? If not, we’ve got it covered! Check them all out here: We took Monday off in observation of Memorial Day, and on Tuesday we welcomed Ward Richmond with SupplyChainRealEstate.com back to Supply Chain Now, and he gave Scott and Greg a supply chain real estate industry update.   Supply Chain Now · “Industry Real Estate Update: Ward Richmond & SupplyChainRealEstate.com”   On Wednesday, Mike Wasson and Aubree Duncan with Tosca joined Scott and Greg on Wednesday to talk about food safety and a supply chain update   Supply Chain Now · “Food Safety & Supply Chain Update: Mike Wasson & Aubree Duncan with Tosca”   On Thursday we published our popular Supply Chain Buzz, and Scott and Greg welcomed Jon Davis, Chief Meteorologist with Riskpulse to the podcast, who shared a weather update and how it affects the global supply chain.   Supply Chain Now · “The Supply Chain Buzz for May 26th with Special Guest Jon Davis with Riskpulse”   And on Friday, we welcomed MIchael Darden with DFM Data Corp to Supply Chain Now.   Supply Chain Now · “Michael Darden:…

In July, what is being called the “largest IT outage in history” grounded air cargo and travel and caused “substantial disruptions” to the networks of such supply chain giants as FedEx and UPS. While cybersecurity company CrowdStrike blamed the worldwide outage on a “software update” and not a cyberattack, the event illustrates the importance of taking measures to safeguard the supply chain systems we all rely on for the movement of goods and people. Cybersecurity is Paramount in Digital Supply Chain A Boston Consulting Group (BCG) report published in October 2023 said that “bad actors are using more sophisticated tools and techniques to exploit vulnerabilities in digital networks, and weak points can be difficult to detect. Companies with established cybersecurity capabilities are being compromised through less sophisticated third parties that are connected to their network.” Today’s Supply Chain Remains Vulnerable to Cyberattacks According to the Identity Theft Resource Center, the number of organizations targeted by supply chain cyberattacks skyrocketed by 2,600% between 2018 and 2023. Verizon’s 2024 Data Breach Investigations Report said there was a 68% year-over-year leap in the amount of “supply chain interconnection” involved in cyber breaches. Among high-profile cyberattacks affecting the supply chain: In December 2020, Forward…