In February we looked at the available tools to track and trace products throughout the supply chain; that is, what occurs outside a manufacturing facility. But what about keeping track of products within the confines of the plant? That is: Ingredients that come in the door, are combined in a recipe and go out the loading docks. What happens within a facility is easy to track, right?
According to a research study by Sophos, a UK-based IT security services and hardware provider, cyber insurance policies are changing the way manufacturing is protecting their networks. As ransomware threats keep coming, companies are buying cyber insurance policies to protect against costly ransomware attacks that can drive them out of business. Seventy percent of hacked food and beverage companies will go out of business within a year of the attack, according to Capstone Logistics.