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Criminals increasingly targeting cargo at rest

10 Nov 2022 - by -
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Throughout 2021, global supply chains continued to face significant security, continuity, and resiliency threats due to the Covid-19 pandemic – but while that has seemingly improved this year, disruptions continue to increase risk.According to risk management service TT Club, many of the concerns identified and monitored throughout 2021 set the tone for continued risk to supply chain security in 2022, but simultaneously new challenges and risks, such as the war in Ukraine, have come along.TT Club, along with the Transported Asset Protection Association (Tapa), have identified several themes that operators need to keep an eye on.These include a strong increase in idle times due to significant port congestion, the emerging risk of insider theft, and the vulnerabilities that have come with increased use of digital means by suppliers.“We are seeing a significant increase in criminals targeting cargo at rest,” according to a TT Club report on cargo theft trends. “Whether it be at unsecured parking lots or container yards near port facilities, delays directly made cargo more vulnerable.”The organisation said it had also seen an increasing trend by criminal organisations to infiltrate supply chains. This modus operandi was particularly evident in the transport of high-value cargo including electronics, minerals and metals, auto parts and retail goods.

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High-Value Cargo & Risk Management November 2022

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