Home News BSI and TT Club issue semi-annual Global Cargo Theft Intelligence Report

BSI and TT Club issue semi-annual Global Cargo Theft Intelligence Report

by Brian Sims

BSI Supply Chain Services and Solutions and leading international transport and logistics insurer TT Club have combined to launch the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The document brings together threat and intelligence data from SCREEN (BSI’s supply chain security country risk intelligence tool) and TT Club’s insurance underwriting risk insights.

Several key findings from the TT Club/BSI report highlight the severity of the impact cargo theft can exert on global supply chains. As highlighted in the report, the food and beverage sector suffers from the highest rates of cargo crime across the globe, accounting for 27% of all incidents, while consumer products and hi-tech electronics industries suffer high rates of cargo theft as well.

The trucking modality is the most often targeted modality for cargo crime across the globe, being attributed to over 75% of all cargo theft incidents, with warehousing being the second most vulnerable target at 19%.

BSI and TT Club have authored this report to demonstrate their shared goal of educating the transportation and manufacturing sectors about the dynamic cargo theft risks present across the globe. With enhanced awareness of cargo crime trends across the globe, industry will be able to engage in a proactive approach towards preventing cargo crime and also minimising the financial loss and brand reputation damage that results from such criminality.

The report highlights key risk insights on trends in cargo disruption-related topics, focusing on regional breakdown, countries of concern, tactics (covering targeted modalities and commodities), the top locations for thefts and the prevalence of hijackings. Incidents are highlighted and analyses offered.

Furthermore, the report includes several pieces of risk mitigation advice designed to counter the identified threats presented in the report. The risk mitigation advisory sections will be co-authored by BSI’s Advisory Supply Chain Security Team and the TT Club’s Claims and Risk Control Team.

*To download the Semi-Annual Global Cargo Theft Intelligence Report 2018 click on this link

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