TT Live

In this week's episode, Mike Yarwood, Managing Director Loss Prevention, talks to David Fairnie of BSI Supply Chain Services and Solutions about the security threat posed by the insider. 

While difficult to evidence, there is often suspicion in cargo theft incidents of a degree of insider involvement - sometimes it's just too much of a coincidence that the thieves knew exactly which truck to target and at what time. In this episode we look at how thieves infiltrate a company, who they might target for insider information and why this can be such an effective mode of theft. We also talk through the strategies and procedures that companies should consider to mitigate the security risks posed by the insider. 

In this week's episode, Mike Yarwood, Managing Director Loss Prevention, talks to David Thompson of Signum Services about the cargo theft strategies that are most commonly used by thieves. 

Strategies discussed include: round the corner theft, Romanian rollover theft, staged incidents and "blue light" crime. This episode will outline these strategies, how they work in practice and how stakeholders in the supply chain can identify the red flags and mitigate the risk of exposure. 

In episode three of TT's supply chain security podcast, Mike Yarwood talks again to David Thompson about depot security and how to mitigate the risk of theft.

Depots are a critical node in supply chains all over the world. Such locations might function as an operating centre for trucks, trailers and containers, a temporary storage facility as well as a secure area to park vehicles. For those with intentions of stealing cargo, transport depots provide an excellent one stop shop opportunity of an accumulation of valuable assets.

In this weeks episode, Mike Yarwood, TT's Managing Director Loss Prevention, and David Thompson of Signum Services, drill down into the subject of fraud and how individuals and organised criminal gangs pose as legitimate companies to access and steal cargo. After all, fraud knows no geographical boundaries and is deployed by criminals the world over. 

The risk of abandoned cargo is hardly new; every year the delay or failure of a consignee to collect cargo costs the industry significant time and money. Now it's costing lives.

With climate change increasingly impacting port operations and infrastructure every year, costs resulting from unpredictable storm damage are set to rise, putting port authorities and terminal operators at increasing risk.

This is the first episode in a series of six focused on supply chain security, in particular cargo theft and related crimes. In this interview series we will consider a range of risks including fraud, depot security, common theft strategies and the threat posed by the insider.

In this first session, Mike is joined by David Thompson, Signum Services (the in-house investigative arm of Thomas Miller), to provide a general overview of supply chain security and why it remains a topic of focus for TT Club and their Members. My colleague David Thompson, from Signum Services, the in-house investigative arm of Thomas Miller joins me for the discussion.

An interesting English law reminder of the reach of the ancient principles of general average (GA). In this instance the cause is piracy, but the case involved the interfaces between differing contracts and sharing risk – both by way of insurance and GA.

There are dots to be joined between freight crime and societal challenges, such as those related to narcotics, people trafficking and terrorism. It is time to take concerted action.

Stakeholders in the global freight supply chain can easily become victims of fraud - notably carrier fraud and procurement fraud – especially in today’s digital business environment that enables fraudsters to transact with reduced risk of getting caught.