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

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

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

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