A review of cargo crime in 2022
Authored by NMU
Executive overview
In 2022, we tracked a gradual return to pre-pandemic levels in cargo crime, where criminals targeted basic goods, including food & beverage items and high-valued goods, like electronics. This also refers to cargo thieves increasingly stealing goods from facilities and declining instances of truck hijackings. This is in large part due to the gradual decline in global demand for goods returning to pre-pandemic levels in 2019. As demand eases, so does the volume of trade. However, this reduced demand coupled with alleviated port congestion is not leading to a drop off in cargo crime. Rather, it is leading to shifts in which goods are targeted, how they are stolen, and how criminal organizations are infiltrating the supply chain and stealing or tampering with these commodities. In this report, BSI and NMU collectively assessed cargo crime in 2022 compared to previous years and identified essential mitigation advice that companies can implement to prepare for the current trends and emerging risks of 2023.
To read the full review of cargo crime in 2022 from NMU, CLICK HERE
About NMU
NMU is an award-winning provider of specialty insurance solutions
We are the first choice for brokers looking for specialty insurance, offering solutions that are not simply off-the-shelf, but built upon a real understanding of the risks faced by policyholders. This, together with our ability to write risks such as storage, installation, construction and exhibitions outside of the UK and offer terrorism cover on overseas property, sets us apart from the competition.
You can count on us, when you need us most! We are NMU
Our team of professionals based across the UK, provides customers with an in-depth product knowledge and a real personal service.
We provide bespoke insurance products that are not simply off-the-shelf solutions, but built upon a real understanding of the risks faced by policyholders as well as offering added value services to benefit our clients.
Our product and services range comprises:
Cargo Insurance: Marine cargo policies cover goods during import and export, including any incidental storage, as well as domestic distribution. Stock throughput polices can cater for all this plus other, intentional storage…read more
Freight Liability Insurance: Covering the liabilities to which hauliers, freight forwarders and warehouse keepers are exposed when they contract to move or store goods owned by others…read more
Engineering Insurance: Covering contractors’ all risks (CAR), erection all risks (EAR) and contractors’ plant; machinery movement (and installation), breakdown and business interruption; deterioration of stock; and electronic risks…read more
Marine Equipment Insurance: Covering remotely-operated and autonomous underwater equipment – ROVs, AUVs and the like…read more
Terrorism and Sabotage Insurance: Standalone terrorism cover can be a more flexible and cost-effective alternative to traditional placement routes…read more
Motorsport Insurance: Designed for commercial risks, our motorsport policy offers 24/7 cover for teams at all levels across all disciplines…read more
Cyber Insurance: Providing SMEs with a simple, robust solution for cyber liabilities, cybercrime and restorative support…read more
Risk Control: Whilst we pride ourselves on our claims service, there is far more benefit to policyholders in preventing loss and damage in the first place…read more
Online Facilities: To complement our award-winning service, we use online facilities to assist NMU policyholders and brokers alike…read more
Claims Management: We pride ourselves on prompt and efficient claims management, which is supported by the use of independent surveyors and adjusters to quantify larger losses and to give advice on mitigation measures…read more