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Manufacturing Risk Advisor - March 2018
Securing Supply Chains from Cyber Attacks
in the manufacturing industry continues to increase due to technology, such as
Internet of Things (IoT) devices, adaptive analytics models and cloud services,
businesses may not be aware of new risk exposures in their supply chains. Even
if your own business is secure, it’s possible for hackers to infiltrate a
third-party supplier and use the information they gain to bypass normal
security measures. Here are some strategies you can use to secure your supply
chains from cyber attacks:
- Clearly define the scope of liability in your
contracts, and consider including language that protects you in the event
of a cyber attack.
- Conduct regular audits of your suppliers’
cyber security plans, especially if they rely on IoT devices or cloud
services to conduct regular operations.
- Create a contingency plan in case hackers
target one of your suppliers. A quick response can help secure your own
systems and limit any business interruptions.
Call us at (619)
297-3160 today for more help managing your supply chain and improving cyber
OSHA Compliance Updates in 2018
Trump administration’s emphasis on deregulation has limited the amount of new
and updated OSHA standards, there are still a number of upcoming compliance
updates that manufacturers should be aware of. The following is a list of
anticipated compliance dates and other updates for 2018:
Manufacturing Grows Despite Widening Trade Deficit
The U.S. trade
deficit rose to $566 billion in 2017, the largest such figure since 2008. The
trade deficit measures the difference between a country’s imports and exports,
and is often used as a general indicator of economic health. Despite the
growing trade deficit, the manufacturing industry grew for the 17th consecutive
month in January, according to a report from the Institute for Supply Management.
The report attributed the growth to rising orders and increased productivity,
but also noted that employment is growing at a slower rate.