Solistica has been managing risks for over 25 years at its Risk Management Center in Brazil, which will soon be replicated in Mexico.
Solistica has been managing risks for over 25 years at its Risk Management Center in Brazil, which will soon be replicated in Mexico.
Brazil tops the list of Latin American countries with more threats to freight, a situation experienced in cities, suburbs, and highways. When facing this landscape, guaranteeing the logistics and the safe transportation of merchandise becomes quite a challenge. Research showing some companies in Rio de Janeiro allocating 15% to 20% of their budgets to safety measures[1] certainly proves so, as do those that suggest that land theft alone generates losses exceeding 6 billion Brazilian reales a year, equivalent to 1 billion dollars.
Organized crime, the conditions at the favelas, and the size of the country have forced companies to plan and execute safety and risk management strategies. Solistica opened a Risk Management Center (GRIS, for its acronym in Portuguese) in Brazil to offer solutions that meet the country’s reality.
In this assets’ risks and safety center, we identify risks and design and carry out prevention and reaction strategies using state-of-the-art technology that lets us monitor cargoes 24/7 so we can take any prevention and resolution measures in real time. This is how our operation showed a fall of 84% in robberies despite Brazil recording over 22,000 incidents in 2018[2].
Looking to ensure the integrity of goods in other Latin American countries, we pilot tested this model in Mexico, a country where freight theft amounted to losses of over 90 billion Mexican pesos (4.7 billion dollars) in 2018, and we replicated the knowledge accumulated by our Brazilian operations for over 25 years.
With strategies like these, we aim to improve the safety of Latin American companies’ products through better procedures, training, equipment, software, and state-of-the-art technology.
[1]BSI America. (2016, 13 September). Cargo Theft Risk Recorded in Brazil. Recovered on 19 March 2019 from https://www.bsigroup.com/en-US/Our-services/supply-chain-solutions/resources/Press-releases/2016-News/increasing-cargo-theft-risk-recorded-in-rio-de-janeiro-brazil/
[1]BSI America. (2016, 13 September). Cargo Theft Risk Recorded in Brazil. Recovered on 19 March 2019 from https://www.bsigroup.com/en-US/Our-services/supply-chain-solutions/resources/Press-releases/2016-News/increasing-cargo-theft-risk-recorded-in-rio-de-janeiro-brazil/
[1] https://setcesp.org.br/noticias/seguranca/brasil-registrou-22-mil-roubos-de-carga-em-2018/
