The recent ransomware attack on the Colonial Pipeline in the US on May 7, 2021, shows the challenges that a supply chain can encounter if it lacks adequate cyber defenses and strategies. Though it belongs to a private firm, this pipeline supplies almost half of the US East Coast with liquid fuel. However, the recent attack that led to the cutting of the supply of this critical commodity shows that a lack of a cyber strategy can jeopardize your operations and impact your income.

As we try to open a new chapter after a year of untold suffering and unprecedented disruption, we can look back at where we have come from and see what we did wrong and what we did right. 2020 has taught us lessons about what we lack and has shown us things that we can improve in the future. As we enter the middle of 2021, we need to be prepared, and this can be attained by setting up better policies and regulations and identifying risks in the supply chain sector. Here are some risks and regulations that you must be aware of and comply with this year.

2020 was one of the most challenging years in modern history. The year saw many people lose their lives and livelihoods, businesses were closed, and millions of people got sick, all happening because of the coronavirus (COVID-19) pandemic. The changes in how we work, behave and live have caused disruptions of monumental proportions and supply chains have changed drastically from what it was in 2019. Fast forward 2021, we still see the damage caused by the pandemic, albeit better than last year. As such, most companies will change in the future to accommodate the new realities. Here’s how logistics are changing in 2021.