What is driving cargo crime worldwide? | Insurance business America
Stolen food and drinks are seeing a significant increase
Engine & Fleet
By Kenneth Araullo
The 2023 Annual Cargo Theft Report published by TT Club and BSI SCREEN Intelligence highlights high inflation as a significant economic factor influencing cargo crime patterns.
This year’s report notes a particular increase in theft of food and beverages, including alcohol, which now accounts for 24% of global cargo thefts, up from 16% last year.
The report’s key findings show that most cargo thefts occur during road transport, accounting for 71% of incidents. However, the number of thefts from establishments has fallen from 30% to 23%.
The report also highlights the most affected countries, including Mexico, the United States, South Africa, Germany and Italy. While electronic devices accounted for 9% of incidents, the financial impact remains significant due to the high value of the goods.
Regional differences in cargo theft methods have also been noted, such as the use of fake police checks, known as “blue light crime” in South Africa, and “insider activity” leading to thefts in Asian countries.
Tony Pelli, practice leader at BSI, highlighted the broader impact of cargo theft and how it causes problems for companies that go beyond the billions of dollars stolen.
“Cargo theft is a problem that costs companies tens of billions of dollars each year and can cause significant disruption to critical supply chains, from pharmaceuticals to semiconductors,” Pelli said. “Having accurate and up-to-date information is the first step in combating this problem and identifying the locations and types of theft most likely to harm global supply chains.”
Mike Yarwood, TT managing director of loss prevention, explained the company’s approach to these issues.
“By identifying changing crime patterns in relation to new fraudulent methods and focusing on both historical and current geographical risks, we aim to help operators tighten their security processes,” he said.
Yarwood also emphasized the report’s usefulness in providing actionable information and recommendations to mitigate risks, such as: B. increased thefts of olive oil in southern Europe after poor harvests and rising oil values, as well as various fraud tactics in Europe and the USA.
“Our combined experience as an insurance provider and supply chain information collector is invaluable, not only in recording the details of crimes, but also in recommending practical actions and process design suggestions that will strengthen supply chain organizations in their fight against the threat of theft “, he said .
What do you think about this story? Please share your comments below.
similar posts
Stay up to date with the latest news and events
Join our mailing list, it’s free!
Source link
2024-04-12 14:40:18
www.insurancebusinessmag.com
