TT Club & BSI release the Global Cargo Theft Annual Report 2018

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year.  Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%; Slash and Grab the largest type of cargo theft at 26% globally but with significant regional variations; the combination of food, beverage, alcohol and tobacco making up the most common commodity group at 34% and South America topping the regional analysis of median value for each theft at $77,000.

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 the enhanced awareness of cargo crime trends,  the industry will be able to engage in a proactive approach in preventing cargo crime and also minimizing the financial loss and brand reputation damage that results from cargo crime. The report brings 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. It demonstrates the shared goal of educating supply chain professionals in the threat of cargo theft across the globe. The report aims to engage in a proactive approach in preventing cargo crime and also minimising the financial loss resulting from cargo crime.