The report highlights a 450% increase in the frequency of insurance claims in 2022; increased value of claims over same period of 820%; over half of cargo crime incidents involve hijacking; insider threat heightened due to socio-economic factors and the most common commodities targeted were electronics (25%) and foodstuffs (20%).
TT Club worked with BSI SCREEN, the Logistics Association of Chile (ALOG) and the TT Club-associated crime investigation unit Signum Services to create the report, which focuses on a dramatic trend in the Chilean freight transport sector.
“The underlying factors that seem prevalent in explaining the alarming statistics seem to be predominantly social and economic in nature,” said TT’s Managing Director of Loss Prevention, Mike Yarwood.
“Inflation, increases in the cost of living, and social unrest have motivated individuals to turn to crime…These circumstances, which also encourage a larger black market, particularly in foodstuffs, instil heightened criminality in the population,” added Yarwood.
According to the report, criminal organisation involved in theft have increasingly taken advantage of those who work for shipping companies in the supply chain.
Labour strikes, also common in a recession, create pinch points in the usual smooth flow of goods. Such locations become a focal point for crime, said the report.
The report contains a long list of recommended measures, from secure verification procedures and driver ID checking to staff training in identifying suspicious circumstances and monitoring through tracking technology to ensure shipments are being delivered correctly.
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