Protecting your supply chain against security risks such as theft and cyber-attacks is becoming an urgent need for companies around the world. As the global economy becomes increasingly interconnected with supply chains stretching from country to country, even unexpected events such as the COVID-19 pandemic can throw your business into a tailspin.
A recent report reveals that despite a decline year-over-year, theft of cargo in transit remains unacceptably high, with 71 percent of incidents in 2020 involving trucks and other vehicles.
Compounding this issue is the growing concern with cybersecurity. One of the most common points of attack is e-mail, which is the global norm for official communications and thus, highly susceptible to hacks and cyberterrorism. According to the FBI, business e-mail compromise (BEC) attacks cost organisations about $1.77 billion in losses in 2019.
With these threats ever present, proactive measures designed to prevent these events from impacting your supply chain are often the best strategies. A series of steps such as validating your entire cargo, multi-stage and multi-level checks, compliance audits, and increasing physical security can help protect your cargo. Even something as simple as optimising your cargo to travel as one container instead of multiple LCL shipments can help cut down exposure risk drastically and save on your logistics costs.
A new whitepaper by Maersk looks at how these threats and risks can disrupt logistics networks and heavily impact global trade flows. It establishes best practices for suppliers to mitigate these risks and shows how Maersk Destination Supply Chain Management can help protect supply chains. Download the full report to find out more.
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