Piracy at sea – is your supply chain at risk?

You may not consider it the foremost supply chain risk, but piracy can endanger civilians, can disrupt the economy, can encourage corruption, and could trigger an environmental disaster if attacks occur in congested sea-lanes traversed by oil tankers. Is this a risk you should be concerned about? The RAND coproration has recently released a report on the maritime dimension of international security.

RAND

Acts of piracy — boarding a ship to commit theft or another crime — totaled 2,463 actual or attempted incidents between 2000 and 2006, according to a report published by the RAND corporation. These trends are the result of a range of phenomena, including a surge in commercial maritime traffic and a decline of coastal and port-side security.

The overall problem is almost certainly even greater than the figures suggest as researchers suspect nearly half of all piracy attacks are not reported, usually because of fears about subsequent investigation costs and increases to insurance premiums.

Downloads

Read the full report here.

Related

Jan Husdal is an engineer turned researcher turned engineer again and he is now a Resilience Adviser with the Southern Region office of the Norwegian Public Roads Administration (Statens vegvesen Region sør) in Arendal, Norway,

Posted in THIS and THAT
Tags: , , , ,
ARTICLES and PAPERS
Flexing your SCM muscles
supply-chain-flexibility
A supply chain is never stronger than its weakest link, and that (having a weak link) is perhaps the[...]
Transportation - the forgotten staple
transportation-uncertainty
What a difference a title makes. I only found this article because it was referenced in another arti[...]
Robustness, resilience, flexibility and agility
robustness flexibility resilience
Several “buzzwords” have been linked to supply chain risk  management (SCRM) in various ways: robust[...]
BOOKS and BOOK CHAPTERS
Transportation Hazards
handbook-transportation-engineering
This is an updated and extended review of  the Handbook of Transportation Engineering by Myer Kutz ([...]
Supply Chain Risk - the forgotten discipline
supply-chain-risk-lecture
No, it's not that supply chain risk is a forgotten discipline, it' is well and alive an kicking, it'[...]
Low Cost Country Sourcing
supply-chain-risks-low-cost-country-sourcing
Low-cost countries. A dream for some and a nightmare for other others. What are typical supply chain[...]
REPORTS and WHITEPAPERS
Global Risks 2012
global-risks
Are economic imbalances and social inequality risk reversing the gains of globalization? Should we s[...]
28 Global Risks in 2015
global-risks-2015
The  World Economic Forum Global Risks Reports. I first came across them in 2008, when the hyperopti[...]
Critical Infrastructure and Resilience
australian-resilience
What happens when a business is disabled for a length of time? What are the impacts on its profitabi[...]