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As a result of disruptions in the supply chain, enhancing resilience has become imperative. Upon reevaluating risks associated with the supply side, it is necessary to shift our perspective on inventory management. Drawing from proven and practical solutions, we should focus on implementing swift measures to bolster stock levels and transition from single sourcing to multiple sourcing. Furthermore, embracing digitization will significantly enhance the efficiency of the supply chain as well as the identification of faults. (Only in German)

Corona crisis, supply chain problems and global crises lead to growing uncertainties in the business environment of machine manufacturers and their customers. Usage-based business models offer flexible solutions to make business models more resilient and able to cope with future challenges. (Only in German)

Every day there are cyber attacks in the industrial sector − only the most spectacular incidents make the headlines. Like the attack on the automotive supplier Continental last summer or on the commercial vehicle supplier SAF-Holland in March this year. The financial damage caused by such attacks and the loss of trust among customers and employees are enormous. As protection against cyber attacks, the Federal Office for Information Security (BSI) now recommends that companies use a browser with so-called virtualised instances for the first time. This is because most attacks enter company networks via the internet. Such a browser can systematically keep attackers out of the network and is therefore a particularly effective protection.

Artificial Intelligence (AI) can make a major contribution to the future viability of our economy and society—whether by improving existing processes or new products and services that promise greater efficiency, more robust structures and more climate protection. At present, however, SMEs in particular are still reluctant to use AI systems. The frequently cited reason is that data protection hurdles appear to be too high. This article discusses the opportunities of data-based value creation. The central question is how AI applications in industry can generate economic added value from data while maintaining data protection and security.

Digital Trust is an important prerequisite to conduct business in the digital age. However, digital trust has to be earned and cannot be taken for granted. This article discusses different aspects of digital trust and proposes a management-oriented approach to improve an organization’s trustworthiness as well as its systematic trust in others.

Digitalisation stands for efficiency and process optimisation. It is therefore all the more surprising that even larger medium-sized companies often do not yet have a digital solution for their contract management - the foundation of all economic activity. Instead, long email chains, inconsistent documents and unclear responsibilities dominate the processes from drafting to signing a contract.