Publication detail

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

PFEIFER, M. R.

Original Title

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

Type

conference paper

Language

English

Original Abstract

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.

Keywords

SME; Supply Chain; Security; Risk; Industry 4.0; IT security

Authors

PFEIFER, M. R.

Released

24. 8. 2021

Publisher

IBIMA Publishing

Location

Pennsylvania, United States of America

ISBN

978-0-9998551-6-4

Book

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

Edition number

1

ISBN

2767-9640

Periodical

U.S.A. Library of Congress

Year of study

2021

State

United States of America

Pages from

3557

Pages to

3568

Pages count

12

BibTex

@inproceedings{BUT174087,
  author="Marcel Rolf {Pfeifer}",
  title="SMEs In Supply Chains in Industry 4.0: A Question of Security and Risk",
  booktitle="Proceedings of the 37th International Business Information Management Association Conference
(IBIMA)
30-31 May 2021, Cordoba, Spain",
  year="2021",
  journal="U.S.A. Library of Congress",
  volume="2021",
  number="1",
  pages="3557--3568",
  publisher="IBIMA Publishing",
  address="Pennsylvania, United States of America",
  isbn="978-0-9998551-6-4",
  issn="2767-9640"
}