Powering Performance

According to the latest statistics, the average cost of a cybersecurity incident is now approaching $200,000 – and yet, only 31% of small companies have cyber insurance, and 70% said that they have no intention of purchasing a policy.

With the recent passage of “phase one” of a trade agreement between the United States and China and the ratification of the United States-Mexico-Canada Agreement (USMCA), 2020 was supposed to be a transitional year for the global auto industry. Analysts had expectations that sales in the sector had bottomed out and that growth in China would support the world market, reversing recent negative sales trends and getting back to a trajectory of growth. But the worldwide spread of the coronavirus disease has become one of the greatest tests to the complex global supply chains created by auto manufacturers over the past 30 years and could lead to another downturn in global sales.

Creative problem solving is usually a good a thing, but when it comes to customs compliance, overlooking even one little detail can turn those great new solutions into great big problems.

At least one insurance company will cover the costs from a cyberattack against one of its clients.

A recent CEO survey by Gartner¹ cited “lack of appropriate talent and capability” as the top most inhibitor to a company’s digital progress. Supply chain organizations are no exception. The gap between the skills needed to compete in an increasingly digital world and those available in the organization is widening. Rise in robotics, algorithmic intelligence, and cloud computing is making an entire generation of supply chain professionals increasingly obsolete. These technologies are hollowing out the middle of the jobs’ spectrum, pushing the humans to the edges requiring extreme physical or cognitive dexterity.

Ready to check your cybersecurity knowledge? Our newest online offering – the AIAG Basic Cyber Knowledge Self-Assessment – is now available for FREE at the AIAG Store! 

At AIAG’s Virtual 2020 CR Summit April 28–29, sustainable packaging expert Martina Prox will provide future-forward ideas on how zero-waste methodologies can align waste elimination with circular economy principles.

AIAG and its membership are working individually and collectively to mitigate the effect of the global coronavirus contagion on our companies, customers, suppliers and employees and their families. Out of an abundance of caution, here are some specific actions taken by AIAG in the short term:

Most scientific reports on climate look at changes that have occurred since the pre-industrial era, or since record-keeping began. But even looking back at the past decade, it’s clear that our world today is very different from the world of 2010. Analyzing data on greenhouse gas (GHGs) concentrations, temperature rise, sea level rise and more reveal troubling trends.   

New Training Alert! Understanding the Welding Special Process System Assessment – a workshop that helps participants learn how to internally assess the management and control of their welding processes – is now available at the AIAG Store.