The recently published ‘Annual Cargo Theft Report 2023’ has revealed that higher inflation has fuelled an increase in cargo crime patterns.
BSI and TT have come together to highlight the global cargo crime trends that were prevalent over the previous year. The published report serves as cautionary advice and to provide mitigation recommendations to combat these threats which are likely to persist into the current year.
Loss of purchasing power across the globe continues to increase cargo crime according to the report published by TT Club and BSI Screen Intelligence. One major indicator of this is the rise in food and beverages as a stole commodity.
Key findings of the report also include:
- Stolen Food and Beverages (including alcohol) has increased from 16% to 24% of global total
- Road remains the most common mode to fall victim to cargo crime
- Facilities as a location for theft has fallen from 30% to 23%
- Top countries experiencing crime include Mexico, USA, South Africa, German, and Italy
Tony Pelli, Practice Director at BSI, gave substance to the extent of these crimes, “Cargo theft is a problem that costs companies tens of billions of dollars each year and can cause significant disruption to important supply chains, from pharmaceutical products to semiconductors. Having accurate and up-to-date intelligence is the first step in combatting this problem and pinpointing the locations and types of theft that are most likely to harm global supply chains.”
“In identifying shifting crime patterns in terms of new fraudulent methodologies and a focus on both historic and current geographic risk, we seek to assist operators in tightening their security processes,” further explains TT’s Managing Director Loss Prevention, Mike Yarwood. “In addition to the details of the global trends in commodities stolen and the types of theft we have provided a series of case studies drawing attention to prevalent regional or country specific dangers.”
The 2023 Cargo Theft Report is now available to download free of charge HERE.
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Source: The Maritime Advocate
