Cargo Theft – Keep a Watchful Eye this Thanksgiving

The holiday season can mark an increase in the risk of Cargo Theft during a company’s supply chain. It is important to watch out and be prepared in order to protect your goods and your investment.

All supply chains are complex and diverse. The complexity of a supply chain and its security parameters often permit gaps and increase the theft risk of the cargo. Certain imported commodities, such as electronics, are more susceptible to loss by theft than others. These risk factors include theft by commodity type, the path of the import or location and the type of theft.

Modifications may include increased security to your distribution channels to aid in cargo loss prevention and/or building a shipping insurance policy designed to your specific risks to offset the cost of a loss. There are companies, usually consulting firms, that offer assistance in supply chain loss prevention and security programs.

Gobble, Gobble…Keep your eyes wide this Thanksgiving Holiday.

As we sit down to fill our bellies with turkey, cranberries, stuffing and pie, theives are waiting for an opportunity to strike.  During holiday weekends cargo is likely to be stagnant and unwatched for a longer period.

FreightWatch International, a logistics security firm, reports on cargo theft in the United States. In a recent notice, FreightWatch reminded those involved in logistics that cargo theft rises up to 28 percent during the holidays. FreightWatch recorded 14 cargo theft cases during Thanksgiving 2010.

Subscribe to FreightWatch International’s Theft Report by contacting:
Dan Burges
dan.burges@freightwatchintl.com
512-532-0159

Dan Burges states the following about FreightWatch data,

“[FreightWatch data] Comes from out own proprietary database. We gather cargo theft data through clients, industry organizations, law enforcement agencies, insurance companies and open source media. We believe our database to be one of the most comprehensive cargo theft databases covering cargo theft in the United States.”