A report compiled by leading international transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI, summarizes the new trends in annual cargo thefts, reads a Marine Insight article.
New trends
The report reflects whole year data from 2020 which highlights significant new trends in risks both regionally and globally.
- Thefts of cargo in transit remains highest proportion of total, all though the 71% share is a decrease from 2019 (87%)
- Losses from warehouses and other storage facilities increases to 25%
- A+ atypical year due to supply chain threats from the pandemic. These likely to be of continued concern well into 2021
- New high-value targets created such as PPE, face masks and anti-bacterial gel. Vaccine supply chain to come under threat as roll out expands
- Food & beverage sector remains largest target at 31%
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Source: Marine Insight
