3 Critical Reasons for Business Continuity in Manufacturing
Why Business Continuity in Manufacturing is Extremely Important
Business continuity in manufacturing is often too focused on machinery. “What if our production suddenly stopped? What if the equipment broke down? How fast could we make repairs? What is our contingency plan?”
These are important questions for any manufacturing company. Productivity is central to these businesses’ bottom lines. So when production stops, losses skyrocket. But these days, a business continuity plan checklist must consider more than just equipment failure.
If your disaster recovery protocols don’t have safeguards for the technology and data that make your company run, then you’re leaving the business at risk. In fact, manufacturing can be even more vulnerable than other types of businesses. Here is why:
1) Ransomware: Manufacturing’s New Threat
In April 2015, the FBI warned of the increasing threat of ransomware. Ransomware works like this: a business’s computer systems are infected with malware. The malware locks businesses out of access to company data, emails or digital files. Then, the hackers behind the malware demand ransom money to restore access to that data.
The effects can be crippling for most businesses. First, the immediate loss of data causes operations to screech to a halt. Then, businesses must either pay a hefty ransom or be resigned to the data loss – both of which can be extremely costly.
A June 2016 report found that ransomware is now targeting manufacturers. More than 8.63 million attempted attacks affected 59 manufacturers between October 2015 and April 2016.
Manufacturers can’t afford to take this threat lightly. As the report states:
“With downtime and losses often calculated by the minute, manufacturers infected with ransomware would be highly motivated to pay a ransom in order to get their production floor back up and running … Disruptions at any point along the supply chain can have massive negative effects, resulting in missed shipments of material and products, lost man-hours, stalled production lines, and in some cases where companies are reliant on legacy systems, a complete shutdown of their business. These compounded repercussions can cause losses in the millions of dollars.”
When it comes to business continuity in manufacturing, businesses must have advanced data backup solutions that ensure data can be rapidly restored after a cyberattack.
2) Fire, Floods And Natural Disasters Are More Probable
There is no one-size-fits-all business continuity planning template for manufacturing companies. But one thing is certain: too many businesses are not taking data backups seriously enough.
Smoke and fire, for example, pose a serious threat to any manufacturing facility. But while some businesses have planned for back-up facilities, they haven’t appropriately planned for data backups. Some manufacturers keep these backups stored in the same facility, and even on the same internal server. This is a dangerous mistake that leaves your entire operation at risk.
The type of backup technology you use is also important. Many companies are relying on outdated systems that take hours, days or even weeks to restore data. Even then, the data is often corrupted.
3) Human Error and Everyday Threats Are More Costly
Let’s face it. It doesn’t take much for an employee to make a million-dollar mistake. From opening a virus-infected attachment to accidentally deleting a folder, these mistakes happen all the time. And when they affect operations, they can be devastatingly costly for any manufacturing company.
This underscores the importance of having a sound back-up plan – not just for the people and equipment that make your business run, but also the technology. Regardless of the disaster, it’s imperative that manufacturers are able to maintain access to their invaluable data.
A Secure Backup And Recovery Solution
If you’ve been wondering how to write a business continuity plan that properly addresses the risk of data loss, then it’s time to take a look at today’s most secure backup technology from Datto.
Datto uses a “hybrid” approach that lets you recover data locally for the fastest possible recovery, and also in the Datto Cloud for true business insurance. The system also employs a verification process that continually ensures that the backups can be successfully restored.
So in the event of a major disaster, a ransomware threat, or any type of unexpected data loss, businesses can restore data in just minutes – with little to no impact on their manufacturing operations.