Manufacturing and associated supply chain management is being fundamentally impacted by technological advances, which are creating new opportunity and boosting growth in the industry but also increasing the threat of cyber-attacks, intellectual property theft and data breaches.
Industry Risk Overview
The manufacturing industry was hard hit by the COVID-19 pandemic where physical production is concerned, as factories were forced to shut and supply and demand chains were significantly disrupted.
Consumer trends towards greener and more ethical solutions are generating greater scrutiny of products and processes, which in turn could negatively impact those companies that do not adopt a more sustainable approach.
Commodity prices are subject to rapid fluctuation. The fragile geopolitical landscape and macroeconomic circumstances could affect the supply and demand fundamentals at short notice.