Product thefts from supply chains in Europe, the Middle East and Africa in 2020 resulted in losses of more than €172m, despite most of the region being in lockdown as nations took drastic steps to prevent the spread of coronavirus, according to the Transported Asset Protection Association’s (TAPA) Cargo Theft Annual Report.
Based only on data reported to the Association’s Incident Information Service, in a year when governments were advising their populations to stay at home and work from home, TAPA EMEA still recorded 6,463 new cargo thefts across a record number of 56 countries in the region, and an average loss for every day of 2020 of €471,432.
The average loss for major cargo crimes with individual losses of €100,000 or more in 2020 was €529,348.
The high numbers, however, remain only a fraction of the losses TAPA EMEA believes are being suffered by manufacturers, shippers and logistics service providers in the EMEA. The total loss for 2020 is based on only the 65.1% of reports to TAPA EMEA’s Incident Information Service, which shared financial data. Moreover, the world’s leading supply chain security and resilience Association says that most cargo thefts during road, ocean, airfreight and rail transportation are still not reported by victims to its incident database.