Forbes August 19, 2025
At the turn of the millennium, the business world braced for disaster. The Y2K problem, also known as the Millennium Bug, was expected to cause computers worldwide to malfunction when the calendar rolled from December 31, 1999 to January 1, 2000. Governments, banks, airlines, utilities and Fortune 500 companies spent years and billions of dollars preparing. The United States alone spent an estimated $100 billion on remediation efforts, according to the Department of Commerce. Globally, the figure exceeded $300 billion.
Preparation did not stop at internal systems. Companies went up and down their supply chains, demanding proof of Y2K compliance from vendors, partners and software providers. That full-spectrum effort made the difference.
When the clock struck midnight and the feared...
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