Supply chain cargo thefts in EMEA exceed €55m in first half of 2019

posted on 3rd September 2019 by Justin Burns
Supply chain cargo thefts in EMEA exceed €55m in first half of 2019

Thefts of products from supply chains in the Europe, Middle East & Africa (EMEA) region exceeded €55 million in the first six months of 2019, according to new data reported to the Transported Asset Protection Association (TAPA).

Data published today in the association’s Incident Information Service (IIS) Q2 Report confirms 2019 is already a record year for freight thefts recorded by the association in EMEA, which follows four previous years of consecutive surges.

After collating intelligence on 3,981 cargo crimes in 2018, TAPA EMEA has already identified 4,198 incidents in the six months to 30 June 2019, up 5.1 per cent.

TAPA EMEA president and CEO, Thorsten Neumann said: “While these figures should set alarm bells ringing for manufacturers and the cargo industry, they are still only a fraction of the full impact of freight losses in the region.

“Less than 30% of the losses in Q2/19 provided any financial data and, even more significantly, it is important to remember that we can only share intelligence on the thefts reported to our IIS database.

“The vast majority of crimes still are not being reported to us but we, and other associations we are engaged with, estimate the true cost of loss to be billions of euros every year in our region.”

In the April-June 2019 period, 24 of losses with a value exceeded €100,000 and these crimes alone produced an average of €677,010. These contributed to an overall recorded loss total for the quarter of €21,048,706 in 30 countries in EMEA.

As well as incidents across Europe and Scandinavia, TAPA’s IIS recorded losses from trucks and warehouses in the United Arab Emirates, South Africa, Nigeria, Zimbabwe, Kenya, Ghana, Uganda and Morocco as the number of reported crimes grew 167 per cent year-on-year to 1,485.

In Q2 2019, the top 10 countries for recorded losses – France, Germany, the Netherlands, United Kingdom, Spain, Russia, South Africa, Belgium, Romania and Italy – accounted for 91.8 per cent of all incidents added to the TAPA IIS database.

The highest value loss in the quarter involved the theft of €10 million in cash from the cargo hold of an aircraft at Tirana Airport in Albania on 9 April.