Eighty-five percent of companies with global supply chains experienced at least one supply chain disruption in the previous 12 months. Risk is inherently unpredictable. Fortunately, the current workforce is undergoing its own transformation to be able to identify and manage risk on a global basis.
Bribery scandals have dominated headlines in several countries in recent months, among them India and Nigeria. International enforcement of anti-bribery laws has been increasing in the United States and major European countries.
Today's supply chain is reliant on a complex network involving the movement of goods, services, funds and information across a range of parties worldwide. This makes the supply chain vulnerable to not only cyber-attacks and disruptions, but also cyber espionage.
The latest spate of auto recalls came last month when auto giants Honda, Nissan, Toyota and Mazda were focused to recall more than 3.4 million vehicles as a result of faulty air bags originating from Takata Corp in Japan. Since the initial announcement, BMW has come forward with a related recall action of more than 200,000 of their cars.
U.S. legislation has compelled a stepped-up interest in preventing counterfeit electronic parts from slipping into the supply chain. It has also raised more questions than it has answered. For many dealing with the enormous task of tracking, reporting and resolving issues associated with potential counterfeit parts, there is a collective hope that 2013 will bring clearer guidance on what needs to be done by whom and when.
The recent revelation that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6m in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organized crime, said William H. Watson, president and COO of AdvanFort Company, a maritime security solutions provider.
ABI Research and the International Telecommunication Union (ITU) have signed a memorandum of understanding to jointly develop a Global Cybersecurity Index (GCI) to measure the cybersecurity development capabilities of sovereign nation states. The referential will be based on five categories: Legal Measures; Technical Measures; Organizational Measures; Capacity Building; and Cooperation.