Supply chains are becoming increasingly digitised in an effort to increase efficiency and transparency. In fact, this is one of the fields where blockchain can add significant value.
At the same time, new technologies create new risks and exposures. In this context, for suppliers and manufacturers as well as their insurers, it is crucial to consider how supply chain or cyber policies respond to cyber attacks against the insured or similar disruption at an underlying level of the supply chain.
Opportunities and challenges of new technologies will be at the centre of our discussions at our Supply Chain Risks Roundtable in Frankfurt on 11 September 2018. We look forward to the discussions with leading experts from AGCS, AON, AXA, IBM, Swiss Re and Zurich.
Cyber is another vulnerability as manufacturers and their supply chains become more digitised. Nearly half of manufacturers have been the victim of cyber-crime, with the sector now the third most targeted for attack, according to research by the European Manufacturers’ Organisation (EEF), AIG and the Royal United Services Institute. It revealed that the cyber threat is holding back companies from investing in digital technologies, with a third of those surveyed nervous of digital improvement.