Britain's thriving car industry could be permanently damaged and its supply chains crippled if the country falls out of the European Union without an interim deal, senior executives warned last week.
Industrial operators building their IoT security strategy need to think beyond protecting data and uptime. Within the plant, security also is about protecting employees and equipment. Beyond the plant, there is a responsibility to safeguard the environment, as well as critical infrastructures and supplies on which people depend.
The race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles - and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo.
National security has been used to justify some pretty silly protectionism in the United States. The Berry Amendment, to pick an egregious example, prohibits the Defense Department from importing any kind of clothing, including "outerwear, headwear, underwear, nightwear, footwear, hosiery, handwear, belts, badges, and insignia." The International Trade Administration, an arm of the Commerce Dept., implausibly insists that the Berry Amendment "has been critical to maintaining the safety and security of our armed forces."
Supplier diversity is evolving from a check-the-box, corporate social-responsibility requirement to a strategic enabler for the procurement function, providing access to new and innovative products and increased market share.