The growth of the government contracting industry ushered in partnerships with the private sector, new market reaches, and job opportunities. On the other hand, this growth also opened the way for threats to come in and wreak havoc on crucial data and supply chain security.
What is supply chain security?
Supply chain security is the aspect of supply chain management centered around identifying, evaluating, managing, and mitigating the risks associated with third-party vendors, suppliers, logistics, and transportation within the local and global markets.
With supply chain threats on the rise, modern supply chain security methods encompass detecting and managing threats linked to hardware, software, and products. Some of the notable supply chain threats include compromised partners, implanted backdoors, and vulnerable software and application codes.
What was the first major global supply chain security initiative?
The first major global supply chain security initiative was the Customs Trade Partnership Against Terrorism (CTPAT) program. Launched in November 2001, CTPAT aimed to reinforce supply chain strategies and…
