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Supply chains around the world, in addition to the delays and shortages, caused by COVID-19, have had another risk emerge in 2021: cyberattacks. This year supply chains have been the new favorite targets for hacking groups and bad actors. According to a recent report from the The European Union Cybersecurity Agency (ENISA), supply chain attacks…
Choosing an inventory storage partner can be complicated and, if mishandled, costly. In our experience in the industry, however, we believe there are a few basic principles potential customers should keep in mind, whether it is trusting us with your inventory or choosing another partner. Below are a few of the most important things to…
GE Announces Split into Three Public Companies In a recent statement, GE has officially announced that it will be broken up into three separate, publically-traded entities. The three separate businesses will focus on aviation, healthcare, and energy. According to GE, the healthcare entity will be spun off to shareholders hopefully by early 2023, with the…
Most people are familiar with the concept of inflation, a monetary phenomenon that occurs when individual currently loses its value. As a result, basic goods and services increase their prices to maintain profitability, while personal income such as wages often stay stagnant as individuals see their dollars stretching less and less. Taken to its extreme,…
In what is only the latest indicated of a deep, complex supply chain crisis, President and CEO of the American Trucking Associations told CNN that the trucking industry is now a record 80,000 drivers short. Although this issue is not new, the COVID-19 pandemic has skyrocketed this issue to near catastrophic proportions. Before the pandemic,…
The modern supply chain is in a crisis. Although supply chain disruptions occur in some form annually, and major disruptions occur in cycles at least every few years, 2021 is proving to be a different beast. Inflation, raw materials shortages, port congestion, political tensions within nations that constitute critical pain points for critical electronic component…