Trucks using unsecured parking lots are main targets for cargo theft: report
CARGO thieves worldwide are overwhelmingly targeting cargo trucks, according to the second annual report on cargo theft issued by transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI
CARGO thieves worldwide are overwhelmingly targeting cargo trucks, according to the second annual report on cargo theft issued by transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI.
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 per cent of all reported thefts in comparison with 19 per cent in 2018.
The BSI and TT Club Cargo Theft Report 2020 analyses data from BSI's supply chain security country risk intelligence tool, SCREEN and TT Club's insurance risk management and loss prevention insights. The authors believe the report can play a significant role in educating supply chain professionals in the detailed risk of cargo theft across the globe.
TT Club's Mike Yarwood emphasises one identified trend in particular: 'Thefts either of, or from road vehicles most frequently occurred while in transit, in rest areas or an unsecured parking location. These accounted for 60 per cent of those thefts reported.
'The median value of losses from these incidents range from US$100,000 in South America to just over $11,000 in parts of Asia. We are particularly keen to draw attention to the dangers of such informal parking and encourage the provision of more secured truck stop facilities.'
The report also includes advice on how theft risks can be reduced. This section is co-authored by BSI's Advisory Supply Chain Security team and the TT Club's claims and loss prevention team.