Manufacturers and others in wholesale/distribution/logistics arena have seen evidence that supply chains are becoming a prime target for hackers. In fact, experts predict that by 2025, almost half of worldwide organizations will have been attacked through their software supply chains — an increase of more than 300% since 2021.
A startling new report underscores the vulnerability that manufacturers face when moving data into the cloud. In fact, over half of all manufacturing operations were attacked through their cloud infrastructure in 2022. In general, more manufacturers have moved operations into a cloud-based environment in order to support hybrid work environments and remote workers as industry responded to pressures prompted by the pandemic.
Global lockdowns, supply chain breakdowns, and low employment levels have all combined to move the manufacturing industry into its current phase. With an emphasis on resiliency, sustainability, agility, and above all, employee health and safety, manufacturers must adopt new procedures and strategies, or risk being displaced by more agile competitors.
With supply chain disruptions and uncertainty in the markets, manufacturing companies have a lot of challenges these days. Unfortunately, the challenges are only increasing, especially when it comes to cybersecurity.
Medical device manufacturers face many challenges these days, especially with recent supply chain snarls and snafus. A balance must be achieved between bringing a product to market quickly and ensuring products are reliable and effective.
Manufacturers are still feeling the brunt of the coronavirus pandemic, with disruption set to proceed well beyond 2022. As such, thought leaders are looking for ways to address the weaknesses in their operations and optimize systems using advanced technologies and, of course, the power of data. Because of the rapidly changing face of market conditions, long-term programs focusing on digital transformation are no longer providing real benefits. Instead, many are turning to shorter-term solutions to make the kind of strides needed in a hypercompetitive marketplace.
Over the past few years, the manufacturing industry has been targeted by cybercriminals — from the well-known SolarWinds hack to the attack on one of the largest meat processing companies in the world. The increasing focus on manufacturers by cybercriminals is down to the industry’s growing reliance on digital tech and their move toward a digital transformation. With more than a third of manufacturers realizing better business value from spending on IT, digitalization is proceeding at warp speed which is both good — and bad.
The world of cloud computing has exploded in recent years, with growth being driven by a switch to hybridized or remote work environments and the stunning impact of the coronavirus pandemic on many industries, particularly supply chain operation, manufacturing, and warehousing. In the manufacturing sector, the pandemic alone has resulted in delivery delays, increased costs, and widespread uncertainty.
Since the incredible disruption posed by the ongoing coronavirus pandemic, there has been increasing interest in the warehouse automation and sophisticated technologies that help secure and improve the manufacturing environment. In spite of this trend however, nearly 80% of warehouses currently feature no automation at all. In fact, last year there was a decline of 6% in the warehouse automation market. However, 2021 shows an almost 40% increase in market growth with that growth continuing into $37.6 billion by the year 2030.
With wave after wave of COVID-19 variants still disrupting home and business life, many companies are opting for a remote or hybrid work environment to help keep employees safer and business on target. For the manufacturing industry, however, this is not an option. The nature of the industry requires staff to work in close proximity with one another and the typical preventative measures such as cubicles, plexiglass barriers, or social distancing cannot work in this environment. Even mask wearing can be difficult for a manufacturing employee whose job may require them to physically exert themselves, as masks can make breathing more difficult.