Risk hot spots for forwarders and logistics operators

*Human error to blame for most accidents, supply chain forum told

March 18, 2012, 7:42 pm 

Speaking at the freight industry forum, TOC Container Supply Chain Asia in Hong Kong, TT Club Director of Global Risk Assessment Laurence Jones highlighted the key factors that cause disruption throughout the global supply chain, and spoke of opportunities for operators to save costs by tightening procedures to minimise accidents, breakdowns, delays and other risks.

Based on an extensive analysis of TT Club claims valued in excess of US$120 million, Jones revealed that nearly 80% of incidents resulting in a claim were avoidable, and the vast majority involved some form of human error.  

Jones said: "We found that the adoption of proven operational procedures and available safety technology could prevent many of the incidents. Relatively small investments in training and maintenance could bring significant commercial benefits through less disruption to operations, lower insurance premiums and more satisfied customers."

(IFW