July 2019 | News | Takeaways

Stop, Thief!

Tags: Global Economy, Supply Chain, High-Value/High-Risk Cargo

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. The report analyzes cargo theft by modality, theft type (modus operandi), commodities targeted, and the value of losses across the major regions of the world (see chart above).

Among the notable findings:

Theft from road vehicles accounts for the highest proportion at 84%.

Slash and grab is the largest type of cargo theft at 26% globally, but with significant regional variations

The combination of food, beverage, alcohol, and tobacco makes up the most common commodity group.

South America tops the regional analysis of median value for each theft at $77,000.