We recently came across an article in American Shipper written by Haley Desormeaux. The article examined the challenges faced by many global supply chains during 2015. Haley reported that $55 billion dollar lost was reported in 2015.$22.6 billion worth of this cargo was lost due to theft in 2015. $33 billion was contributed to natural disasters.
A variety of cross-border issues that threatened supply chains in 2015 were analyzed in BSI's "2015 Global Supply Chain Intelligence Report," which was based on data from its Supply Chain Risk Exposure Evaluation Network.
According to the BSI report, these threats included:
• Cargo theft, which resulted in $22.6 billion in losses;
• Extreme weather, which lead to $33 billion in losses just from the top five natural disasters during the year;
• Economic downturns in Argentina, Brazil and China;
• Political transparency issues that drove social unrest in Africa and Central America...
Check out the rest of the American Shipper article here.