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TUHH

Qries

# Risk Consequences Measures Risk category
1 Cyber Attacks
  • Attacks on the focus company or partner companies in the supply chain can compromise sensitive data or affect the functionality of the supply chain.
  • Cyber risks of an upstream company are passed on to all downstream partners.52
  • High level of top-bottom collaboration in the area of IT security
  • Multi-level defense against cyber attacks
  • Regular software updates
  • High software and IT security standards (e.g. ISO 27000)
IT risks
2 Floods, Cyclones, Earthquakes

Unplannable, unforseen and unpreventable disruption of all supply chain activities as well as major failure of most infrastrucutre needed for a functioning supply chain

  • efficient coordination of stakeholders of disaster relief
  • designing a resilient supply chain for fast recovery
  • impact limitation on local supply networks
  • having redundant elements for key parts of a supply chain
Natural risks
3 Virus Attacks

Virus Attacks or other targeted malicios actions regarding the use ot IT in SCM

  • Quality Assurance
  • Deployment of industry- or even global-standards to remove outdated systems
  • Support from professional service provider, ideally a long-time partner
IT risks
4 Unintentional Bugs

Unintentional Bugs e.g. Y2K Bug

  • Quality Assurance e.g. via ISO Standards
  • Sharing of Best Practices
  • Communication and Collaboration along the whole Supply Chain and/or between other stakeholders
IT risks
5 Forecasting

Mismatch between a companies forecasted demand and actual demand. Reasons can be long lead times for production, seasonality of demand, high product variety, short product life cycles

  • Design a more flexible Supply Chain
  • Examining previous demand patterns and maintaining awareness for future economic developments that may have an influence on demand.
Demand risks