Cargo theft plagues global supply chain

FreightWatch International, the global logistics security solutions provider, has announced the publication of its Annual Global Threat Assessment. The publication states that, globally, cargo theft continues to plague supply chains, resulting in billions of dollars in direct losses, downstream costs, and derailed efficiencies. While a global problem, cargo theft trends vary widely from region to region, and having a clear understanding of these shifts is vital to a secured supply chain.

 
"Supply chain professionals are fighting an uphill battle in almost every region of the world," said Barry Conlon, CEO of FreightWatch.  "Cargo criminals are actively targeting supply chains, stealing cargo in vast quantities and making huge profits on the black market.  In order to develop a comprehensive security plan, industry professionals must first understand the complexities of the risks they face."
 
The volume of cargo theft grew throughout the western hemisphere, with the United States, Mexico, Brazil and other South American countries reporting substantial increases in theft. By contrast in Europe, overall reporting of cargo theft rates were down, while the average value per loss rose sharply, most notably in the United Kingdom, France and Germany.
 
The Global Threat Assessment looks at each region of the world and the countries considered major players in the world's supply chain, analysing cargo theft rates, criminal tactics, targeted goods and government efforts to curtail this growing problem.   
 
FreightWatch International (www.freightwatchintl.com) offers an array of customized logistics security solutions designed to prevent cargo theft at every point in the supply chain. FreightWatch International services include electronic freight security, 24/7 monitoring, security escorts, cargo assessments and intelligence, and end-to-end logistics security solutions.  With these solutions, FreightWatch prevents logistics thefts and losses, ensures time-to-market, and protects corporate brands, proactively preventing the loss of high-value, at-risk products through theft or damage.