Nearly half of Americans can’t live without electronics (48%) and WiFi (46%), according to a new study.
A survey of 2,000 US adults found that other necessities besides food and water include medicine (55%), electricity (53%) and gasoline/gasoline (51%).
The study explored respondents’ perspectives on supply chain issues and found that almost half say these issues have “somewhat affected” their lives (45%) – from affecting their cost of living, their jobs and finding basic necessities.
One respondent said, “It’s so hard for me to find baby formula,” and another said, “I’ve had to cut back on spending so much on groceries.”
On average, Americans buy a third of their essentials online, with 35-44 respondents most likely to get at least half of their needs this way.
Brighter days may be on the horizon, with two in five Americans optimistic that global supply chain disruptions will improve, a study suggests.
But change doesn’t happen overnight: A third of respondents predict supply chain disruption will continue for another two years (34%).
While 30% think supply chain problems will remain the same, the same percentage believe things will get worse (30%).
The survey, conducted by OnePoll on behalf of WithSecure, also tested respondents’ knowledge of key economic terms and found that seven in 10 Americans are “confident” in their understanding of supply chain issues – only 59% know what the term means.
Regarding supply and demand, less than half of the respondents knew that the free market determines the prices of goods and services (41%), and only 45% determine the prices of gas.
Most people have a better understanding of what inflation and recession mean, with 64% and 57% choosing the correct definition respectively.
“Large companies have tens of thousands of suppliers in their supply chains; Attacks are on the rise and no industry is off limits,” said Paul Brucciani, Cyber Security Consultant at WithSecure™. “Every individual working in the supply chain is a potential target. Companies can reduce supply risk by helping employees and suppliers understand how they may be exposed and how they can protect themselves.”
While older Americans look to the Internet or TV for news about politics and major events, a significant number of younger respondents get their news from sources such as podcasts or newspapers, keeping up with the latest news about technology and finance.
Respondents of all generations are knowledgeable when it comes to economic issues such as supply chains and inflation.
The study also explored the relationship between global supply chain and cyber security.
When it comes to their personal data, 37% admit they feel “somewhat safe” in a cloud storage system.
Respondents mentioned some of the benefits of having a cloud storage system, such as backup and recovery (51%), security (42%) and easy access (41%).
Others said they value privacy (37%), reliability (36%) and the availability of the cloud on multiple devices (33%).
While the cloud can be beneficial, survey respondents cited some disadvantages that put cloud users at risk, including hacking (48%) and phishing (33%) from outside sources, technical issues (44%) and data loss. (38%).
Considering these pros and cons, 51% agree that they would be devastated if they were ever hacked or phished, especially because they have sensitive content stored there (46%).
“Three-quarters of breaches can be prevented by using strong passwords and multi-factor authentication and keeping an eye out for suspicious emails,” Brucciani said. “Having effective cyber security measures in place and always backing up your history will mitigate much of the risk and should be our first priority.”