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Comment on Jaguar Land Rover suppliers face bankruptcy due to cyber attack by Jaguar Land Rover suppliers face bankruptcy due to cyber attack - Tech Digest - Land Rover News
['Chris Price']
Comments for Tech Digest
ShareA two-week-long cyber attack on Jaguar Land Rover (JLR) is threatening to cripple its vast supply chain, with experts and industry leaders warning that some small and medium-sized businesses could face bankruptcy.
The crisis has halted production at JLR’s factories worldwide, leading to millions in lost revenue and sparking urgent calls for government intervention.
While JLR, which posted a £2.5 billion pre-tax profit last year, has the financial muscle to weather the crisis, its suppliers are highly vulnerable.
However, the most severe impact is being felt by the smaller firms that sit at the top of the automotive supply chain.
Professor David Bailey of Birmingham Business School warned that the crisis could have a devastating “knock-on effect” on up to 250,000 people employed within the JLR supply network.
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