British Standard Institution and TT Club Issue Semi-Annual Global Cargo Theft Intelligence Report

LONDON, England, Nov. 9 -- The British Standard Institution issued the following news release:

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First edition of a new regular report reveals violent truck hijackings account for 24% of cargo theft incidents globally; food and beverage sector most targeted at 27%. Other detailed trends and risk mitigation advice included

BSI Supply Chain Services and Solutions and leading international transport and logistics insurer, TT Club launches the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The report brings together threat and intelligence data from BSI's supply chain security country risk intelligence tool, SCREEN and TT Club's insurance underwriting risk insights.

Several key findings from the TT Club/BSI report highlight the severity with which cargo theft has impact on global supply chains. As highlighted in the report, the Food and Beverage sector suffers from the highest rates of cargo crime across the globe, accounting for 27 percent of all incidents; whilst Consumer Products and Hi-Tech Electronics industries suffer high rates of cargo theft as well. The trucking modality is the most often targeted modality for cargo crime across the globe, attributed to over 75% of all cargo theft incidents, with warehousing being the second most vulnerable target 19 percent.

BSI and TT Club have authored this report to demonstrate their shared goal of educating the transportation and manufacturing sectors about the dynamic cargo theft risks present across the globe. With the enhanced awareness of cargo crime trends across the globe, industry will be able to engage in a proactive approach in preventing cargo crime and also minimizing the financial loss and brand reputation damage that results from cargo crime.

The report highlights key risk insights into the trends in the following cargo disruption-related topics, including:

* Regional Breakdown

* Countries of concern

* Tactics and Trends

* Targeted Modalities

* Targeted Commodities

* Top Locations of Thefts

* Prevalence of hijackings

* Incident Highlight and Analysis article

Furthermore, the report includes several pieces of risk mitigation advice to counter the identified threats presented in the report. The risk mitigation advisory sections will be co-authored by BSI's Advisory Supply Chain Security team and the TT Club's Claims and Risk Control team.