SMEs In Supply Chains in Industry 4.0: A Question of Security and Risk

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU142219" target="_blank" >RIV/00216305:26510/21:PU142219 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

SMEs In Supply Chains in Industry 4.0: A Question of Security and Risk

Original language description

Competing supply chains are the core in several industries. These supply chains are multinational and include companies of all sizes. SMEs account for more than 95% of the global manufacturing volume. Being part of supply chains, they also have a share in the supply chain’s risk management. Being believed to be the weakest members of supply chains, they impose a security risk for the whole supply chain. Studies on various risks came to the conclusion that SMEs are not able to cover the risks as large enterprises would be able to do it. In particular IT and data security is a field with no tangible return that is believed to be neglected by these enterprises. However, SMEs’ perceptions indicate that they assume themselves to be well-prepared, being equipped with above-average safety measures. The reality of IT security threats was confirmed by studies that assume the rate of already-attacked enterprises of all sizes and industries to be above 50%. Riskmitigation strategies of downstream customers in the supply chains may backfire, as risks are able to spread through the supply chain. Vulnerable IT and data in SMEs may result in vulnerable IT and data also in larger enterprises. In order to achieve a supply chain resilience in the age of industry 4.0 and smart manufacturing, new technologies have to be used. A promising approach are blockchain technologies known from cryptocurrencies. Suggested to be resilient, traceable, anonymous, and secure, these technologies might enhance the IT security level of whole supply chains, including SMEs.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 37th International Business Information Management Association Conference (IBIMA) 30-31 May 2021, Cordoba, Spain

ISBN

978-0-9998551-6-4

ISSN

2767-9640

e-ISSN

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Number of pages

12

Pages from-to

3557-3568

Publisher name

IBIMA Publishing

Place of publication

Pennsylvania, United States of America

Event location

Praha

Event date

Mar 12, 2021

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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