International freight transport and logistics insurer, TT Club alerts supply chain operators to the consequential impact of disruption stemming from recent blockage in the Suez Canal and urges a greater emphasis on resilience.
The report, which reflects whole year data from 2020 compiled by leading international transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI, highlights significant new trends in risks both regionally and globally.
Analysis of the specialist insurer’s claims records for transport operators over the past three years shows temperature-controlled incidents ranking in third place.
South Africa ranks among the top countries in the world, and first on the African continent, for BSI’s forecasted losses due to cargo theft, underscoring the significant economic impact of this issue in the nation.
As consumer demand and manufacturing production slows in many parts of the world, cargo, either in containers or stripped from transport units, is building up in warehouses, port terminals and inland depots.
As the unfolding consequences of the coronavirus pandemic continue to disrupt international trade, freight transport specialist insurer TT Club is maintaining its advice service to stakeholders along the global supply chain.
The second annual report on cargo theft worldwide, issued by leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI confirms the overwhelming targeting of cargo trucks compared to all other modalities.
The Award will be presented to the winning entrant by Heike Deggim, Director of the Maritime Safety Division at the International Maritime Organization at ICHCA’s international conference in Malta this November.
TT Club to continue with its mission to improve the poor safety conditions presently afflicting the shipping of hazardous materials