Supply chain losses rise in 2014: Report

BSI Supply Chain Solutions said in a report that more than $23 billion has been lost to cargo theft globally in 2014 from a variety of supply chain threats, Apparel Magazine reported.

The top four natural disasters in 2014 resulted in business losses worth $32.8 billion, said the report.

Trade interruption due to strikes in Europe resulted in direct losses worth $1.5 billion to the region's business.

Direct losses from strikes in Belgium amounted to $1 billion, the report added.

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