For too long, the crime of cargo theft has gone under the radar. In part, this is due to a lack of awareness outside of the insurance, security, and logistics industries. Within countries such as the US, jurisdictional differences in definition and approach have further led to underreporting, as cargo crime is often erroneously grouped together with property crimes, burglaries, theft, or violent crimes. Combined with challenges in collecting and analyzing data, cargo crime continues to grow in the shadows, adapting with increased sophistication and posing a significant threat to global supply chains.
In the first white paper of our cargo crime series, we’ve explored the unique mechanisms behind organized cargo theft and how criminals often operate like Fortune 500 companies. We’ve also included several examples of recent theft events and a more general breakdown of the supply chain industry’s arms race against these crimes. Finally, we’ve detailed how Overhaul can help your company avoid becoming a target by keeping you aware of and prepared against emerging risks.
We hope this white paper helps you better understand what cargo crime looks like and why in-transit risk management is key to stopping it.
