TT Club focuses on actions needed to reduce perishable cargo losses and refrigerated container failures and damage, as a recent analysis notes that the past three years temperature controlled incidents ranked in third place.
Specifically, TT Club reports that the analysis of the specialist insurer’s claims records for transport operators over the past three years shows temperature controlled incidents ranking in third place.
Almost 30% of these incidents involved a miscommunication of operational instructions on care of the cargo with a further 23% down to temperature setting errors.
Reefer equipment failure or damage accounted for a quarter of the claims.
The Club tries to mitigate the losses for both members and all those involved in the cool supply chain. In 2019, the Club launched the “StopLoss – Temperature Controlled Cargo” report, informing the industry about ways to minimize losses and which are the most common errors and misconceptions which can lead to deterioration or total loss of the cargo, as well as harm to the carrying equipment.
Moreover, in a recent webinar Mike Yarwood, TT’s Loss Prevention Managing Director commented that
Our own experiences and the data drawn from our claims history was reinforced by over a third of webinar attendees, who when asked their perception of the primary risk factors, pointed to communications errors with ambiguous or incorrect instructions passed between supply chain stakeholders.