India, Indonesia, China, and Bangladesh topped the list of hot spots for cargo theft incidents, according to the latest Cargo Theft Report 2021 by supply chain intelligence firm BSI and insurer TT Club. The report, which highlighted the relative shift in the location of thefts, found that in-transit incidents and those involving vehicles are still the dominant threat globally although the proportion of incidents declined from 87 percent in 2019 to 71 percent in 2020. Meanwhile, theft from … [Read more...] about Report shows hot spots for cargo theft in Asia
Cargo Theft
TAPA warns of a significant spike in cargo thefts as criminals get back to ‘business as usual’
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. With entire national populations being advised to stay at home to stop the spread of COVID-19 since the beginning of March, cargo thieves have clearly found it much more challenging to … [Read more...] about TAPA warns of a significant spike in cargo thefts as criminals get back to ‘business as usual’
Cargo theft report confirms upward trends in 2019
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. The consistency of this trend year-on-year is also reflected in the 2019 data analysis of top commodities stolen; food and beverages representing 28% of all reported thefts in comparison with 19% in 2018. Other 2018 to 2019 … [Read more...] about Cargo theft report confirms upward trends in 2019