New Articles

REPORT FROM BSI AND TT CLUB REVIEWS GLOBAL CARGO THEFT TRENDS

REPORT FROM BSI AND TT CLUB REVIEWS GLOBAL CARGO THEFT TRENDS

BSI Supply Chain Services and Solutions and leading international transport and logistics insurer TT Club recently launched their first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report.

Bringing together threat and intelligence data from BSI’s supply chain security country risk intelligence tool SCREEN and TT Club’s insurance risk management and loss prevention insights, the first edition reveals violent truck hijackings account for 24 percent of cargo theft incidents globally. Additionally, the report provides a detailed Regional Overview spotlighting cargo theft trends in China and India.

The food and beverage sector is the most targeted (at 27 percent). Consumer products and hi-tech electronics industries also suffer high rates of cargo theft. Warehousing is the second most vulnerable target at 19 percent. Transport by road is the most often targeted mode for cargo crime across the globe, at a whopping 75 percent. Warehousing is the second most vulnerable target at 19 percent.

The report includes several pieces of loss prevention advice to counter the identified threats. Download it here.