• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • WEBINARS
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Crime, Weather, Terrorism, Migration Crisis Cost Global Supply Chains $56Bn Last Year, Study Says

Crime, Weather, Terrorism, Migration Crisis Cost Global Supply Chains $56Bn Last Year, Study Says

March 31, 2016
Loadstar

The true figures of cargo crime have been hard to come by, but the 2015 SCREEN Global Intelligence Report from BSI concluded that $22.6bn was lost globally due to cargo crime.

While the risk of theft is Europe has not been accelerating at the same rate, the region continues to suffer severe disruptions in trade caused by ISIS terrorist attacks and the migration crisis.

The reintroduction of border controls following the November attacks in Paris are estimated to have cost Belgian cargo owners $3.5m alone, and it estimated that if Schengen area border controls are permanently re-established, it would cost the German economy $25bn.

The report also found that the top five natural disasters last year, much of which were induced by the El Nino phenomenon, collectively caused $33bn damage to businesses – forest fires in Indonesia cost $16bn; the Nepal earthquake cost $4-5bn; the typhoon that destroyed swathes of China and the Philippines also had a $4bn bill with it; while floods in the US and India cost $4-5bn and $1.3-3bn respectively.

On top of that was the Tianjin explosion, which is now estimated to be the single most expensive industrial accident, killing 173 people and costing global supply chains $3.3bn, making it far more economically damaging than 1989’s Exxon Valdez spill.

Last year also saw considerable social unrest – factory strikes in China, for example, increased by 58.3 percent year-on-year.

Read Full Article

RELATED CONTENT

RELATED VIDEOS

Global Trade Management Business Strategy Alignment Global Supply Chain Management Regulation & Compliance SC Security & Risk Mgmt Pharmaceutical/Biotech
KEYWORDS business contingency plan Business Disruption Business Strategy Alignment Global Supply Chain Management Global Trade Management Loadstar Pharmaceutical/Biotech Regulation & Compliance SC Security & Risk Mgmt Supply Chain Analysis & Consulting Supply Chain Management Supply Chain Management: Supply Chain security and Risk Management supply chain resiliency Supply Chain Risk Management
  • Related Articles

    Shoplifting by Gangs, Pharmacy Theft Top Retail Crime Categories Last Year

    Retail 'Shrink' Cost the Industry 1.4 Percent of Sales Worldwide Last Year And Is on Rise

    New Research Says Extended Supply Chains Cost Manufacturers, Who Need Better Business Continuity Management

  • Related Events

    First Mile or Last Mile Freight? Where to Invest Your Technology Focus

Loadstar

Crime, Weather, Terrorism, Migration Crisis Cost Global Supply Chains $56Bn Last Year, Study Says

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: Cadila Looks to Double Vaccine Capacity; Pfizer Makes South Africa Deal After Standoff

    Coronavirus
  • Ocado

    Kroger Is Amassing a Robot Army to Battle Amazon, Walmart

    Logistics
  • Why Is There a Global Semiconductor Shortage?

    Watch: Why Is There a Global Semiconductor Shortage?

    Coronavirus
  • Mathematics

    Solving Supply-Chain Disruption Comes Down to Mathematics

    Data Management (Big Data/IoT/Blockchain)
  • Gig Worker

    The Gig Economy Is Booming, Despite Debates Over Workers’ Rights

    Logistics

Digital Edition

Scb feb 2021 lg

2021 Supply Chain Management Resource Guide

VIEW THE LATEST ISSUE

Case Studies

  • Remote Implementation: A Dose of the Right Medicine for B2B Pharmacy

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

Visit Our Sponsors

Yang Ming 6 River Systems ArcBest
Armada aThingz BluJay
Burris Logistics DSC Logistics DCSA (Digital Container Shipping Association)
DHL Resilience360 Flash Global Genpact
Geodis GEP GreyOrange
Honeywell Corporate Honeywell Intelligrated Infor
Inmar Kibo Commerce Kinaxis
Logility Magnitude Software MPO
Old Dominion Oliver Wight OpenSky
Paccurate Ports America Purolator
QAD Precision Red Classic Riskmethods
S&H Systems Snapfulfil TGW Systems
Tradepoint Atlantic Transportation Insights Watson Land Company
Westfalia Technologies Workjam
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2021 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing