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The global economy was thrown into disarray in 2020, exposing critical supply chain vulnerabilities and causing businesses to rethink strategies. According to a recent Accenture report, 94% of Fortune 1000 companies said the pandemic led to supply chain disruptions, while 75% said COVID-19 negatively affects their businesses.
This year alone, the damages are predicted to be to the tune of USD 6 Tn, i.e., twice the collective valuation of all unicorns – or approximately 3000% of the damages inflicted by natural disasters worldwide in 2020! The Cybersecurity Imperative for Companies. Mn in 2020, according to the (ISC)2 Cybersecurity Workforce Study.
Last year, as life sciences organizations were consumed by the recovery from COVID-19, their focus had to shift rapidly to mitigating supply chain constraints, labor and skill shortages, and by the end of the year, inflationary pressures—all of which were exacerbated by the Russia-Ukraine war.
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