BSI, TT Club & TAPA EMEA release Cargo Theft Report

Global supply chain intelligence provide BSI, logistics and transport mutual insurer TT Club, and the Transported Asset Protection Association (TAPA) EMEA have released a report “to demonstrate their shared goal of educating the transportation and manufacturing sectors about the dynamic cargo theft risks present across the globe”.

The report stated that throughout 2021 the world’s supply chains had continued to face significant security, continuity, and resiliency threats due to the Covid-19 pandemic, and although its impact seemed to lessen in the early stages of 2022, it had caused disruptions and major delays throughout 2021, and still had massive residual impacts globally.

Many of the concerns BSI, TT Club, and TAPA EMEA monitored throughout 2021 set the tone for continued risk to supply chain security in 2022. Simultaneously, new challenges and risks were likely to play a large role, such as the ongoing conflict in Ukraine, which was disrupting many industries on the short-term, and could have a variety of long-term effects.

The report highlights the cargo security threats that plagued supply chains in 2021. It also and provides organizations with mitigation techniques to combat these threats, and considers some of the emerging risks anticipated in the upcoming months and years.

BSI, TT Club, and TAPA EMEA identified five key themes that stood out as it looked back on 2021:

  • A strong increase in idle times due to significant port congestion throughout the year
  • The emerging risks of insider theft
  • The vulnerabilities that come with increased use of digital means by suppliers
  • Consequences of an urgent need to change the locations of suppliers, and what to keep in mind during that process
  • Lastly, in a case study, the report unpacks how cargo thefts from railway locations and trains has shown to be an increased weakness in supply chains, particularly in the region of Los Angeles in the US.

The top commodities stolen in 2021 were food & beverage (14%) agriculture (12%) and electronics (105).

The study found that a strong increase in idle times led to an increase in cargo targeted at rest.

While actual global cargo theft incident numbers were down from 2020, in 2021 there was a significant increase in criminals targeting cargo at rest.

“Whether it be at unsecured parking lots or container yards near port facilities, delays indirectly made cargo more vulnerable to tampering by thieves and smugglers”, said the report.

Full report downloadable from:

https://www.ttclub.com/news-and-resources/publications/tt-bsi-cargo-theft-reports/bsi-and-tt-club-cargo-theft-report/