New Supply Chain Risks Require Board Oversight

The COVID-19 pandemic heightened supply chain challenges caused by changes in demand, labor shortages, and geopolitical factors. But recent events suggest supply chain risk may be getting even more complicated. In July, security researchers at BitSight revealed that they had discovered critical vulnerabilities in a popular vehicle GPS tracker used globally by large enterprises, law enforcement agencies, and militaries. The vulnerabilities potentially allow hackers to remotely disable entire fleets of vehicles instantaneously. Organizations using this device—or relying on a third-party supplier that uses the device—could see deliveries abruptly come to a halt, presenting threats of financial loss, reputational damage, and, of course, supply chain disruption …