Is your business at a higher risk for cargo theft? It's important to find out because the price of cargo theft has soared in recent times. Anytime a company becomes a victim of cargo theft, their bottom line will feel more than the loss of their cargo. The cost of stolen cargo…
By now, everyone knows the supply chain has been a mess for a long time. It does not look like it will improve anytime soon. The supply chain disruption has created more problems. One of those is an increase in cargo theft, mainly because companies have no choice but to leave…
Cargo theft continues to plague many businesses especially storage facilities, ports, warehouses, distribution centers, and trains. The problem is so bad that the California governor has a proposal to grant almost $300 million dollars to law enforcement and to create a unit that…
If you've been reading this blog for the last year, you know supply chain problems have been a huge issue for many industries. You may also know that many of the experts quoted in stories say they don't expect it to let up any time soon. Unfortunately, they're right. The supply…
It has been nine months since the Ever Given container ship notoriously blocked the Suez Canal causing a backup of more than 400 ships. The incident alone cost $400 million per hour in goods or $5.1 billion each day according to the CNBC article that quotes Lloyd's List. You…
The good news is that the third quarter of 2021 saw a decrease in supply chain theft and fraud from the third quarter in 2020 per a CargoNet report. However, the year 2020 saw record-setting numbers for supply chain theft. When comparing the third quarter of 2021 data to 2019's,…
It’s been going on for months now … since June 2021, when “Project Crockpot” was launched by the York Regional Police Auto/Cargo Theft Unit to investigate ongoing auto theft in and around Toronto. Finally, on October 21, 2021, some traction was made. Investigators recovered 88…
Integrity of assets housed at transportation and logistics facilities, such as cargo trucks or scrap metal, must be maintained. This helps keep the supply chain healthy and ensure the delivery of quality products. Trespassing, theft and other unwanted behaviors and crimes can…