Food and drink thefts in global supply chain could threaten higher food prices in 2023

13 days ago The Mirror

Thefts from facilities now account for a quarter of all thefts from the supply chain - overtaking hijacking thefts, according to a new reportFood and drink thefts in global supply chain could threaten higher food prices in 2023Food and drink are the commodities most likely to be stolen in the global supply chain, threatening higher food prices in 2023, according to a report published today. The number of cargo hijacking incidents have now been overtaken by thefts from facilities, as revealed in the British Standards Institution’s (BSI) Supply Chain Risk Insights Report 2023. “Successive crises, including a global pandemic followed by a war in Europe, have resulted in continued uncertainty on many fronts, and have demonstrated to governments the benefit of ensuring a robust global supply chain. A tailored approach: An awareness of the different, unique challenges facing each sector’s supply chain is key. New technologies: Data, the metaverse, and cybersecurity are segments of technology that will differentiate organizations’ approaches to building strong supply chains.
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