Cargo theft continues to hamper growth in South African supply chains
The prevalence of cargo theft incidents continues to have a material impact on stakeholders in the supply chain in South Africa.
Analysis of recorded incidents, increased data sharing agreements, collaborations, and widespread dissemination of findings all serve to improve our understanding of the underlying risks.
Throughout 2020, several cargo theft trends developed in South Africa. The threat and violence involved with cargo theft hijackings in South Africa are historically the primary concern for supply chains in the region.
In addition to historical risks and trends, the first half of 2020 saw an increase in thefts from facilities and theft locations diversified between the first two quarters of 2020, reaching the Eastern Cape and Western Cape.
Additionally, food and beverage and medical supplies saw an elevated risk throughout the start of 2020. Understanding these developing risks, coupled with the continual threat of in-transit operations in the country, and how to mitigate the impacts they may have on your organization is crucial in building a truly resilient supply chain.
These are some of the highlights of a new report by TT Club and BSI on South Africa’s ongoing vulnerability to cargo theft as well as the trends during the first half of 2020.