supply chains News

Global War on Ransomware? Hurdles Hinder the US Response

RICHMOND, Va. (AP) — Foreign keyboard criminals with scant fear of repercussions have paralyzed U.S. schools and hospitals, leaked highly sensitive police files, triggered fuel shortages and, most recently, threatened global food supply chains. The escalating havoc caused by ransomware …

Shipping Containers Fall Overboard at Fastest Rate in Seven Years

Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean as pressure to speed deliveries raises the …

With Ship Now Freed, a Probe Into Suez Canal Blockage Begins

SUEZ, Egypt (AP) — Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal …

Insurers May Be on Hook for Millions Tied to Suez Canal Crisis

There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking the Suez Canal and upending world trade. They could result in millions of dollars in payouts — but first, a …

The Giant Ship Blocking the Suez Canal Is Finally Freed

The giant vessel that’s blocked the Suez Canal for almost a week was pulled free from the bank, a major step toward getting ships moving again along one of the world’s most important trade arteries. The stoppage caused a tailback …

Suez Canal Steps Up Efforts to Remove Blockage, Shipping Rates Surge

CAIRO, March 26 — The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains …

Red Alerts in China as Floods Maroon Equipment to Fight Coronavirus

SHANGHAI — Large parts of China were reeling on Friday from the worst floods in decades, as disruption mounted for supply chains, including for personal protective equipment (PPE), vital in the fight against the novel coronavirus. The central city of …

Virus Havoc Could Shut Down a Nissan Factory Half a World Away

Nissan Motor Co. is bracing for potential disruptions in plants as far away as the U.S. because the coronavirus epidemic in China is leading to a parts shortage and wreaking havoc across the supply chain, people familiar with the matter …

Smart Factories and Utilities Face Increased Cyber Risk

As energy, transportation, telecommunication and manufacturing companies become more reliant on automation, robotics and connected networks, they are also increasingly vulnerable to cyberattacks. Rather than stealing data, cyberattacks on critical infrastructure and manufacturers are more likely to target industrial control …

Reputation the Hardest Risk to Manage According to New ACE Research

92 percent of companies believe that reputational risk is the most challenging category of risk to manage, according to a major new study from ACE Group conducted across 15 countries within its EMEA (Europe, Middle East and Africa) region. ACE’s …