BSI REPORTS GLOBAL SUPPLY CHAIN DISRUPTION DUE TO INADEQUATE GOVERNMENT RESOURCES, POLITICAL INSTABILITY, TERRORIST ACTIVITY AND CORRUPTION

On 14th March, BSI (which used to be the British Standards Institute) produced a report which says that poor government and law enforcement resources, political instability and corruption threaten worldwide business operations.  The Global Supply Chain Intelligence Report identifies an overall increase in cargo theft, largely due to inadequate government resources and personnel shortages leaving shipments open to theft and stowaways. According to data recorded by BSI the top commodities stolen globally were: food and beverages; consumer goods; electronics; alcohol and tobacco; and apparel and footwear.  It also notes the significant risk of cargo theft in the pharmaceutical industry, with sophisticated thieves targeting these valuable products for hijackings, and estimates that $1.07 billion of pharmaceutical products were lost in 2017 due to cargo theft.  The report is said to provide an overview of the top supply chain threats and trends by region to help organizations increase their visibility and understanding of potential exposures within the supply chain.

https://www.bsigroup.com/en-GB/about-bsi/media-centre/press-releases/2018/march/bsi-reports-global-supply-chain-disruption/?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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