In the current business world, no one can afford to sustain losses, said the latest issue of the Transported Asset Protection Association (Tapa) for Europe, Middle East and Africa (Emea).
Losing money gets everyone’s attention. It forces change, harms reputations and costs jobs. In the case of losses from cargo crime, as we know, the actual loss value of stolen cargo is only one part of the true cost.
It isn’t just business people that find losses so difficult to tolerate. Law enforcement agencies and government officials feel the pressure too as violent and high value cargo crimes are reported across the Emea region.
In its global supply chain intelligence report, BSI Supply Chain Solutions puts the cost of global cargo theft in 2014 at the equivalent of R316.25 billion having measured 20 risk factors in 203 countries.
Tapa Emea’s own incident information service (IIS) report for Q1 2015 shows an average loss value of R2.9 million.
In April, IIS says the average loss for cargo crime incidents that stated a value was R3.7m.
In the Americas it is a very similar story, with one expert quoting a 25% year-on-year rise in the value of cargo losses in the US in Q1 to R3.2m.
Cargo crime – a way to make big losses
Comments | 0
© Now Media. This content is protected by copyright and may not be adapted or republished. If you would like to discuss cooperation opportunities, please contact: editor@freightnews.co.za.
