TT Talk - Global cargo theft intelligence

In conjunction with BSI Supply Chain Services and Solutions and TT Club has launched the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. 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.

Several key findings from the TT Club/BSI report highlight the severe impact which cargo theft has 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 with Consumer Products and Hi-Tech Electronics industries also suffering high rates of cargo theft. Transport by road is the most often targeted mode for cargo crime across the globe, attributed attributing to over 75% of all cargo theft incidents.

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

Furthermore, the report includes several pieces of loss prevention advice to counter the identified threats outlined in the report. The risk mitigation advisory sections have been co-authored by BSI’s Advisory Supply Chain Security team and TT Club’s claims and loss prevention team.

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We hope that you have found the above interesting. If you would like further information, or have any comments, please email us, or take this opportunity to forward to any colleagues who you may feel would be interested.
We look forward to hearing from you.

Peregrine Storrs-Fox
Risk Management Director, TT Club

Staff Author

TT Club