Tag: cargo theft

Transport insurer TT Club and supply chain intelligence firm BSI issued their annual Cargo Theft report, highlighting significant new trends in risks both regionally and globally. Thefts of cargo in transit remained the highest proportion of total (71%). By modalities of theft, shipping accounted for less than 1% of global cargo thefts. 

TT Club along with BSI, the business improvement company, issued a report highlighting South Africa's ongoing vulnerability to cargo theft as well as the trends during the first half of 2020.

Manufacturers and logistics service providers must be prepared to protect their supply chains from a projected significant spike in cargo thefts as coronavirus lockdowns begin to be lifted across the Europe, Middle East and Africa (EMEA) region, the Transported Asset Protection Association (TAPA) has warned.

The Transported Asset Protection Association (TAPA) alerts manufacturers and logistics service providers to be prepared to protect their supply chains from a projected significant spike in cargo thefts as coronavirus lockdowns begin to be lifted across the Europe, Middle East and Africa (EMEA) region.

The transport and logistic insurer TT Club along with the global provider BSI issued the "Cargo Theft Report 2020" highlighting the impact of cargo theft on the global supply chain, while giving its recommendations of how theft risks can be reduced.

The Transported Asset Protection Association’s (TAPA) Incident Information Service (IIS) issued a report informing of the cargo theft issue which saw an increase in the first nine months of 2019 in supply chains in the Europe, Middle East and Africa (EMEA) region.

Cargo theft is a global challenge with a major negative impact on supply chains and the world’s economy. To put this into context, cargo crime has costed an estimated US$22.6 billion in 2015, while the top five natural disasters costed a collective $33 billion, research has indicated.