On risk: broker bulletin

TT Club's bulletin offers insights into the escalating risks in the global supply chain, particularly focusing on cargo theft. Statistics from 2025 indicate a notable increase in sophisticated theft techniques, with fraudulent carrier activity constituting 32% of claims. The analysis reveals that 14% of theft claims involve suspected internal participation, notably in the U.S., representing a stark reminder of the need for enhanced verification processes alongside physical asset security.

Understanding risk maturity

To counteract these emerging risks, the TT Club introduces a Risk Maturity Tool. This framework assists transport and logistics operators in evaluating their risk management practices across key operational dimensions, addressing not just compliance but the adequacy of procedures and culture surrounding risk management. This tool provides insights into vulnerabilities and prioritises improvements, benefiting both operators and brokers in better understanding risk capabilities.

Innovations in safety

The bulletin also highlights the TT Club Innovation in Safety Award, promoting advancements that enhance safety across the industry. Innovations have included AI systems for real-time hazard detection and automated handling tools. This commitment to innovation facilitates safer operations, reflecting the industry's evolving landscape.

Conclusion

As TT Club continues to partner with members and brokers, it provides essential tools and insights to improve operational resilience. This approach facilitates a deeper understanding of risk factors, allowing organisations to implement proactive strategies to reduce claims exposure and enhance safety alongside efficiency in the supply chain.

Key takeaways

• Cargo theft remains a persistent risk with evolving tactics.
• The Risk Maturity Tool aids in assessing risk management efficacy.
• Innovation in safety is crucial for improving industry standards.

Frequently asked questions

What is the focus of the TT Club's bulletin?
The bulletin focuses on cargo theft, risk management, and safety innovations in the transport industry.

How does the Risk Maturity Tool benefit operators?
It helps operators assess and improve their risk management practices, enhancing overall resilience.

What is the purpose of the TT Club Innovation in Safety Award?
It recognises effective innovations aimed at improving safety and reducing risks across the supply chain.