BSI launches supply chain security standard

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In response to an increase in global cargo thefts, BSI has delivered a standard to improve supply chain security and reduce the global risk level

supply chain networks

BSI, the business standards company, has launched an independent assessment scheme to assist companies to achieve and demonstrate competence in supply chain security.

The standard, ISO 28000, comes in response to the high level of risk attached to transporting goods, of which €18.32bn worth is stolen globally each year, according to BSI’s most recent global intelligence report.

The report found that European countries such as Belgium, Germany and the Netherlands are among the highest risk areas and had seen the greatest number of thefts.

ISO 28000, the international standard for supply chain security management, has been developed to help organisations better assess security risks in their supply chain, manage new threats as they emerge and implement appropriate controls.

BSI supply chain security scheme manager Lorna Anderson said: “International cargo is the life blood of our global society and essential for countries and companies to reach new markets and achieve growth.

“Therefore, the compromise of supply chains poses direct and indirect consequences. These include the cost of managing security incidents, increased insurance premiums and indirect impacts, such as reputational damage and loss of trust resulting in a drain on global productivity.

“By addressing and reducing the effect cargo disruption has on their business and their clients, organisations stand to benefit financially as well as assist international trade.”