Supply chain risks are having a profound effect and becoming more costly, according to a report by Deloitte, The Ripple Effect: How Manufacturing and Retail Executives View the Growing Challenge of Supply Chain Risk. Among the many factors that transportation and logistics companies face, cargo theft is both common and preventable.
In Deloitte’s survey of more than 600 executives:
- 71 percent of respondents indicated that supply chain risk is important in strategic decision making
- 48 percent said that the frequency of risk events with negative outcomes has increased over the past three years
- 53 percent responded that supply chain disruptions have become more expensive over the past three years —with 13 percent indicating “much more costly”
Consistent with the findings in our forthcoming annual cargo theft report, high-tech supply chains have seen the greatest increase in risk. In fact, CargoNet has found that electronics and other technology equipment is one of the five most frequently stolen commodity types. In terms of the value of stolen cargo last year (as reported to CargoNet), such equipment accounts for more than 25 percent of the total.
Register now to get the full CargoNet report when it becomes available. The report will include data showing the major U.S. cargo theft trends from 2012, including:
- top states for cargo theft
- most common theft locations (for example, parking lots, truck stops, distribution centers)
- most common time of week and time of year for incidents
- commodity types, loss values, and other incident details
Contact CargoNet directly at 1-888-595-CNET (2638) to get started.