Afternoon Coffee: Supply Chain Managers Face Ransomware Threat, Consumer Spending Weak in March

Marco Mayer/ Adobe Stock

Supply chain managers in the U.S. and Canada have been warned of possible “ransomware” attacks that could lead to supply chain disruptions. The attacks involve hackers stealing company data until they are paid a ransom.

Consumer spending rose less than expected in March, increasing just 0.1%, the Commerce Department reported. Incomes, however, increased 0.4% in March.

Caterpillar announced this week it will close five plants in the U.S. and eliminate about 820 positions. The plans are part of a larger initiative to shed about 10,000 jobs and close or consolidate about 20 facilities through 2018.

Anheuser-Busch InBev is planning to sell SABMiller’s assets in the Czech Republic, Hungary, Poland, Romania and Slovakia as it seeks European regulatory approval of its takeover of SABMiller. Such a sale is expected to bring in around $8 billion.

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