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

Posted in THIS and THAT
Tags: , , , ,
ARTICLES and PAPERS
Supply chain risk - in your head?
zsidisin-wagner-supply-chain-resilience
The risk perception an individual supply chain professional has influences the risk management strat[...]
How to Design Mitigation Capabilities
craighead
There hasn't been a literature review on this blog for a while, so it's time to pick up where I left[...]
The world we live in: Risk Society
risk-society
We live in a world that is full of risk, risks that we to a large degree have created ourselves, and[...]
BOOKS and BOOK CHAPTERS
Book Review: Humanitarian Logistics
humanitarian-logistics
Summer break is over and time for a continuation of my blog posts. Humanitarian Logistics by Ronaldo[...]
SC Design and Management
designing-managing-supply-chain
More than 500-page heavy and laden with real-life examples and thoroughly calculated details, Design[...]
Book review: Cost-Benefit Analysis
cost-benefit-analysis-book
This book, Cost Benefit Analysis: Concepts and Practice (3rd Edition), by Anthony Boardman et al. is[...]
REPORTS and WHITEPAPERS
Transport infrastructure resilience
resilience
Is it possible to devise a simple framework for assessing the resilience of the transport infrastruc[...]
Saving Norway's crumbling infrastructure
NTP 2010-2019
Following up my post this morning called "D-Day for Norway's Transport Infrastructure", the numbers [...]
The UK Transport Network Resilience...and I
UK Transport Network Resilience
For a budding and even for a seasoned researcher, nothing is more rewarding than to have one's publi[...]