Rising Concerns Over Cyber and AI Risks in Supply Chains
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- •21% of UK businesses report concerns about cyber attacks on supply chains.
- •12% of businesses are worried about AI-related disruptions, a significant increase.
- •Geopolitical instability and shipping disruptions are major supply chain concerns.
UK businesses are increasingly worried about cyber attacks and AI disruptions affecting their supply chains, with a recent Office for National Statistics survey indicating that 21% of businesses reported concerns about cyber attacks, up from 16% in September. Additionally, 12% of businesses expressed concerns regarding AI-related disruptions, a notable increase. Geopolitical instability remains the top concern, cited by 31% of businesses, alongside shipping disruptions at 21%. The financial implications are significant, with 64% of businesses expecting higher sourcing costs and 60% anticipating increased transportation costs. The overlap between cyber security and geopolitical risks is growing, as businesses face potential disruptions from both digital threats and physical supply-chain dependencies. The findings reflect a broader trend of increasing risk awareness among organizations in the face of global instability.
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