Freight News, Logistics

Recorded Cargo Thefts in EMEA Region Exceed €305,000 per Day in 1st Six Months 2019

[ September 4, 2019   //   ]

Thefts of products from supply chains in the Europe, Middle East & Africa (EMEA) region exceeded €55 million or more than €305,000 a day in the first six months of 2019, according to new incident data reported to the Transported Asset Protection Association (TAPA), the world’s leading Security Expert Network for everyone in the supply chain.

Data published 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 growth. 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%.

Thorsten Neumann, President & CEO of TAPA EMEA, 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 as the Associated gathered information on criminal attacks 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% year-on-year to 1,485.