The tragedies of war are many. In today's post, we're looking at a very small slice of the consequences of the war in the Ukraine: How might this affect the heat treat industry? What should you prepare for? We've located four insights to reflect on this Friday.
Supply Chain Bottle Necks
"Representing 200 million tons of transit potential, Ukraine is one of the foremost—yet often overlooked—components of both the European and global supply chains. Therefore, any disruption in the region can have massive knock-on effects for countries throughout the world." With that in mind, three industry considerations are energy, resilience, and capacity. (Read more)
Businesses Are Interrupting Trade with Russia
Adding to the supply chain changes, you may find businesses you work with or even your own ceasing to do business with Russian companies in an effort to show solidarity with the Ukraine. In one case, "A group of 3D printer OEMs and other companies involved in additive manufacturing have released a statement in support of Ukraine and are calling for a quick end to Russia’s war in the country." (Read more)
Heightened Cybersecurity Preparedness
It's hard to say whether cyber attacks are absolutely increased because of the conflict since there has long been a high rate of cyberattacking originating from Russia. However, cyberattacking is a known threat in modern war, and there have been increased email phishing attacks on specific targets. (Read more)
"We are seeing cybercriminals use Russia and Ukraine-centric social engineering efforts, like phishing emails, leveraging current events to solicit an emotional response to the war,” says Rosa Smothers, former CIA cyber threat analyst and technical intelligence officer, now at KnowBe4. 'In other words, people are less likely to think before they click.'" - Dennis Schima, "Does the War in Ukraine Increase the Risk of Russian Cyberattacks?"
Humanitarian Pressures
Whether near or far, we've been seeing fundraising efforts, medical support, and humanitarian aid being sent to the frontlines. Perhaps you've done business internationally and have contacts who need support, or, like SECO/WARWICK, have found a way to raise funds and send support: "With your help, we’ve sent humanitarian aid to the border and each day we support our Ukrainian colleagues."
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