Third-Party and Supply Chain Security

Supply Chain Management (SCM) has evolved considerably, from a simple operational task to a strategic function critical to business success. In the early stages of SCM, the focus was on optimizing logistics and reducing costs. As global commerce grew and became more complex, companies began to realize the importance of managing the entire supply chain, which includes all processes, from sourcing raw materials to delivering finished goods to the customer.

However, the increasing reliance on technology and interconnected systems has introduced new risks to the supply chain, particularly cybersecurity threats. With the advent of the internet, e-commerce, and other digital platforms, businesses are becoming more exposed to cyber threats. This has led to the emergence of cybersecurity as a critical factor in SCM.

Understanding the importance of cybersecurity in the supply chain requires acknowledging the broad array of potential threats that can...