BSI’s Annual Global Supply Chain Intelligence Review –

BSI’s Annual Global Supply Chain Intelligence Review We’d like to invite you to join us for BSI’s Annual Global Supply Chain Intelligence Review on March, 22th, 2017 at 2:00pm Eastern Time, US.   This webinar will provide a high-level overview of the top security, corporate social responsibility, and business continuity risks, threats, and trends from 2016 … Read more

USPack Logistics Acquires JS Logistics –

ST. LOUIS, MO–(Marketwired – Dec 8, 2016) – USPack Logistics (USPack) a NewSpring Holdings portfolio company and leading same-day courier and transportation company, today announced that it has completed the strategic acquisition of JS Logistics. JS Logistics is widely regarded as a premier resource for product, storage, distribution and on-demand rush delivery services. Headquartered in … Read more

Cargo Theft Expected to Surge During Holidays –

‘America’s Invisible Crime’: Cargo Theft Expected to Surge During Holidays Violent take-over robberies are on the rise in Southern California: An investigation into the organized world of “cargo pirates.” By Mary Harris and Hetty Chang Cargo Theft Expected to Surge During Holidays  

With Cargo Theft On The Rise, Retailers Must Double Down On Protecting Their Goods –

  Liz Parks  September 14, 2016 This article was published in the September 2016 issue of STORES Magazine. Those in charge of security for cargo belonging to retailers are up against some of the wiliest and most sophisticated criminals in the country.  And the situation is getting worse, according to Anthony DiPasquale, senior vice president … Read more

In-Transit Cargo Theft: Impacting the Retail Supply Chain –

 

In-Transit Cargo Theft: Impacting the Retail Supply Chain

Cargo Crimes, Supply Chain Disruption Increasing at an Alarming Rate

LPM Insider

www.losspreventionmedia.com/insider/supply-chain-security/in-transit-cargo-theft-impacting-the-retail-supply-chain/

John Tabor • December 11, 2015

A recent survey of retail security directors showed that almost half of those polled had been the victims of a supply-chain disruption directly related to cargo theft in the past year. This is a significant increase from just five years ago.

Envision the following scenario. You are at home around 8:15 at night watching television with your wife or kids when the phone rings. The caller is one of your regional LP managers in the Southeast. He tells you that you just had a tractor load of high-end apparel worth $2,000,000 stolen in Florida while parked at a truck stop. The driver had gone in to use the facilities, and when he came out ten minutes later his tractor and trailer were gone. While no one ever wants to receive a call like this, you can be prepared for it.

In order to fully understand the issue of cargo theft, you need to know why it exists, who is perpetrating it, how you can reduce your risk, and ultimately how to react to a cargo theft loss.

Most of those reading this have had some level of store- or logistics-security exposure. Good loss prevention programs involve some form of a “layered” approach. Based on the exposure, some, if not all, of the following countermeasures may be employed—surveillance cameras, alarms, locks, lighting, EAS, safes, employee awareness training, and others. Loss prevention professionals would be remiss in their duties if they did not explore all of these attributes to secure their stores.

That said, remember that virtually 100 percent of the merchandise in retail stores is delivered by truck. In many cases the only two preventative measures put in place to secure that same merchandise and deter cargo theft in transit is a key to the tractor and a seal on the rear doors.

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Texas Senate Backs Felony Cargo Theft Rule –

By Keith Goble, Land Line State Legislative Editor

Stiffer punishment for truck, rail or container cargo thieves in Texas took another step this week toward becoming reality.

The Senate voted 30-1 on Wednesday, April 29, to advance a bill that would establish cargo theft as a specific offense and impose escalating fines and punishment based on the value of goods. The bill awaits further consideration in the House.

Texas Sen. Judith Zaffirini, D-Laredo, said that cargo theft by organized crime rings has become a serious problem in the state, as well as nationwide. She put the losses to the state at $23 million between 2012 and 2014.

“Cargo theft is a growing problem nationwide accounting for an estimated loss of $10 billion to $25 billion per year nationwide,” Zaffirini said speaking on the Senate floor. “Because we have one of the busiest ports of entry in the country, Texas is especially vulnerable to this growing problem.”

According to FreightWatch International, in 2013 Texas ranked behind only California in the number of cargo thefts. Florida, Georgia and Illinois rounded out the top five.

Lt. Gov. Dan Patrick has said that two of his biggest priorities are keeping people safe and fostering economic conditions. He said that cargo theft puts both at risk.

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Combating Shrink in the Supply Chain –

An Interview with a Loss Prevention Expert
Byron Smith – Thursday, May 28, 2013

Newgistics’ Director of Loss Prevention, Glenn Master, recently spoke on how to address shrink challenges across the supply chain head-on at the RILA conference in Orlando along with David Sacramone, Regional Loss Prevention and Safety Manager with Office Depot.

On any given day, millions of boxes are transported through the global supply chain to consumers. Having to rely on contracted transportation entities, which are outside of their span of control, creates numerous shrink challenges for retailers.

The Gist caught up with Glenn to learn more about his session at RILA and how Newgistics’ fulfillment and returns and delivery solutions address loss prevention.

The Gist: Glenn, thanks for your time. What type of audience did you speak to at RILA? What do you think the biggest problem your audience faces when it comes to loss prevention?

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