By Jim Rice
The recent cyber attacks and security breaches at Target and Home Depot drew executives’ attention to the vulnerability of their companies to this type of crime. The incidents exposed some 40 million and 56 million credit cards respectively, and in the case of Home Depot, occurred despite the company’s best efforts to protect the firm.
What has this to do with supply chain management, and in the context of this column, supply chain innovation (SCI)? The answer is a great deal. As I have argued on these pages, one of the main types of SCI entails challenging the dominant design. In this case, that means challenging the prevailing method for supply chain security in response to the cyber security threat. The SCI will become a reality when firms develop the robust responses that are required.