SECURING POST-COVID ROAD FREIGHT ACROSS APAC AND EMEA USING RISK ASSESSMENT AND DATA INTELLIGENCE

COVID-19 has created drastic shifts in the supply chain landscape. Corporations have been forced to seek quick alternatives to manage closed borders, blanks sailings, flight cancellations and quarantine requirements to keep their supply chains moving. As such, supply chains face new and often uncalculated risks emerging from adjusted cargo routes and switching of transportation modes across the APAC and EMEA regions. This has amplified the need to identify potential risks using proven methodologies and cargo crime incident data.

 

Poll results from TAPA’s recent Incident Information Service (IIS) webinar ‘Preventing Cargo Crime: Data Intelligence’ revealed that 60% of participants review the resilience of their cargo routes less than once-a-quarter, and a further 20% of respondents claimed to carry out no reviews.

To assess new risks when companies shift cargo routes – a regular occurrence to try and offset COVID-related disruption – a follow-up webinar last month on the topic of ‘Securing Post-COVID Road Freight Across APAC & EMEA: Risk Assessment & Data Intelligence’ invited speaker and TAPA member, Pana Laimos, Senior Director for Secure Operations Europe for G4S Telematix, to share an insight into in-house transportation risk assessment methodology based on PHA (Preliminary Hazard Analysis) and FMECA (Failure Mode Effects and  Criticality Analysis) internationally-recognized risk assessment methodological  approaches.

Participants also learned more about TAPA’s Incident Information Service (IIS) database, which provides accurate and reliable information for this methodology to produce valuable risk assessment outcomes, based on intelligence including the locations of cargo crimes, modus operandi used, category of products targeted and loss values. This is further enhanced by the Association’s route planning tool (SPOT: Secure Parking Online Tool) which helps users see both the numbers and types of incidents on specific routes as well as the locations of secure truck parking places in TAPA’s Parking Security Requirements (PSR) database.

 

G4S risk assessment methodology uses four key factors to calculate the risk index of specific routes:

 

·        Criticality: The severity and the consequences of a cargo loss can be estimated considering the value of the cargo and costs in the event of cargo loss

·        Frequency: The measure of probability of past incidents using the Likelihood Index

·        Threat: The external factor independent from the supply chain activities that depends on the environment in which the operations of supply chain (transport, storage, etc) take place

·        Vulnerability: The value that is proportional to the protection/security measures in place to cover various supply chain activities

 

Pana emphasized the value of a common model in assessing security risk for a valid, consistent, and objective approach based on the data sources and parameters selected to interrogate the model and produce an evaluation. TAPA’s IIS enables members to access and customize incident data to support their own risk assessment programs, including the ability to use map visualizations. 

 

TAPA’s incident data is consistently being updated with new intelligence from law enforcement agencies, member companies, insurers and other stakeholders to deliver accurate and timely data as well as incident alerts. “TAPA’s IIS is a data intelligence sharing tool that provides transparency and information for company members to identify cargo theft hotspots and conduct route risk analysis for an end-to-end supply chain solution. We never request company information because this is not the intention of the IIS tool. We just want to be able to share intelligence of where, when and how criminals are operating, alongside insight into the types of products they are targeting in these locations. If you look at the Dutch official police report on cargo crime for the Netherlands, for example, TAPA provide neutral national data to help our law enforcement partner create their official document,” said Thorsten Neumann, President & CEO of TAPA EMEA.

 

“TAPA is the only global program in Europe and Asia that provides such incident data for risk assessment,” added Pana, who advised member companies to use the unique benefits of TAPA’s IIS intelligence to support the resilience of their supply chains.