Albert Einstein is quoted as saying 'information is not knowledge'. The challenge today is to translate all the data points into clear learning that brings improvement.
The recent reports of container ship fires has once more focussed those in the container supply chain on safety issues related to the incorrect processing of dangerous goods. The nascent Cargo Integrity campaign initiated by the international transport and logistics insurer, TT Club has as a consequence gained renewed impetus.
Whilst perishable cargo is often valuable freight, it can also give rise to higher exposures, which should provide adequate incentive for extra care to be taken by all stakeholders.
In collaboration with UK P&I Club, TT Club has developed a new StopLoss publication which considers the risk exposures associated with the transport of temperature controlled cargo through the global supply chain and provides guidance as to how to avoid losses.
There are known issues relating to aluminium dross, being an example of waste/recycling streams that are now carried in containers. Not a frequent issue, but another where a 'perfect storm' may expose issues.
The judgment in 'MSC Flaminia' found that extensive information available concerning the stability of the commodity was ignored and not disclosed to the carrier. "Disaster was foreseeable result".
Much can be learnt about the logistics industry - in terms of complexity, practices and expectations - from the 'MSC Flaminia' judgment analysing and establishing the responsibilities in this casualty.
This January sees a new Amendment to the International Maritime Dangerous Goods (IMDG) Code released, Amendment 39-18, entering its transitional year before being mandated from 1 January 2020.
In conjunction with BSI Supply Chain Services and Solutions, TT Club has launched the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The report demonstrates their shared goal ofr educating the transport and manufacturing sectors about dynamic cargo theft risks.
BSI Supply Chain Services and Solutions and leading international transport and logistics insurer, TT Club launch the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The report brings together threat and intelligence data from BSI's supply chain security country risk intelligence tool, SCREEN and TT Club's insurance risk management and loss prevention insights.
In a global supply chain it is not possible to retain control over every aspect of the transaction. Hence, it becomes important to carry out due diligence to ensure those to whom you entrust certain elements do so appropriately.
