According to a recent study by EEF, almost half of all UK manufacturers have suffered a cyber-attack. Worryingly, 48% of those surveyed said they have been subject to a cyber security incident, and half of those suffered some financial loss or disruption to their business as a result. As Industry 4.0 pushes manufacturers to become digitised and data driven it is increasingly likely that many more of these attacks are likely to occur, with a number remaining undetected.
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Essentra Components is at the beginning of its Industry 4.0 journey, taking its first steps as a company on the I4.0 evolution, but there are still plenty of opportunities for development. A connected and digitised supply chain will offer a new degree of resiliency and responsiveness, driving competition in the market but there is no quick fix to investing in the digitisation of the supply chain network; it is a long-term investment.
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