It's time for the E-Commerce retailers to secure supply chains

It’s no secret that e-commerce would become the future of retail, but thanks to challenges created by the pandemic. COVID-19 is the catalyst for industry-wide disruption. With this there has been a steady rise in the volume of online traffic, caused by consumers turning to the internet and social media to shop online for everyday essentials without leaving their home. It is high time to understand the changing retail landscape and the evolution of consumer habits and preferences. Now consumers have started working in the hybrid atmosphere.

There are certain reputed organisations looking at how they can use supply chain and logistics technology to skip regional distribution centers and get their products into the hands of consumers faster. Security of supply chains is becoming massively important. Supply chain holders speak about how they are more concerned about cyber threats happening frequently. This chain is long and disciplinary in multiple terms acquiring collaboration from production, retailing, customer support and most importantly the IT section.

Digitization and modernization of transactions brings security. Encryption helps in protecting data and prevents data loss. To initiate a secured e-commerce retail, there is an urgent need for the supply chains to take care of. Data protection is of foremost importance for any company, be it a start-up or a multi-millionaire company. Secure supply chains involve sources that can be trusted and taken care of. Frauds can happen in any form as data is exchanged on many loops. From the manufacturer to customer, several stages pass by and so does the information. Fraud prevention techniques work the most here.

The critical data exists in a location which is only known among the employees. However, channelizing these locations should be through accurate government norms and industry standards for ensuring safety of hidden information. Nowadays, it is not just the 3rd party but also the involvement of 4th parties and others for transportation and services. Risks of information leakage are more when it comes to involvement of many parties. This has to be taken care of.