The prevalence of cargo theft incidents continues to have a material impact on stakeholders in the supply chain in South Africa. Analysis of recorded incidents, increased data sharing agreements, collaborations, and widespread dissemination of findings all serve to improve our understanding of the underlying risks. Knowledge empowers stakeholders to take action, protecting their businesses and those they represent in the supply chain, and reducing the frequency and impact that this type of crime inevitably has.
The freight insurer's investment is seen as a significant initiative in developing a unified platform to help hauliers and drivers control the risks of theft and damage effecting the most vulnerable transport mode in the supply chain.
The second annual report on cargo theft worldwide, issued today by leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI confirms the overwhelming targeting of cargo trucks compared to all other modalities.