The Overhaul cargo theft recording and supply chain protection reports a staggering 500 cargo thefts in Q3 2024—up 6.2% from last quarter and 7% from Q3 2023.
With an average loss of $176,290 per incident, according to the firm, it’s time to tighten supply chain protections.
Electronics are the prime target, with California seeing a dramatic surge—47% of thefts occur there compared to just 30% last year. It’s critical for businesses to enhance supply chain protections now more than ever.
Here are some tips to help prevent cargo theft:
Technology-based Security
Enhance your cargo security with cutting-edge technology! By integrating GPS tracking systems and electronic seals, you can effortlessly monitor your shipments in real time.
Informed Drivers
Ensuring cargo security starts with informed drivers. Providing comprehensive driver training is essential to cargo theft protection.
Secure Parking
When a driver parks a vehicle, it’s important they choose well-lit and secure areas—especially in high-risk locations.
Driver & Dispatch Communication
Maintaining consistent communication between drivers and dispatch is crucial, especially in high-risk areas. Regular check-ins & location updates ensure everyone stays informed & safe.
Cargo Monitoring
Ensure the safety of your high-risk cargo! Implement regular monitoring, with frequent checks during transit & delivery.
Risk Assessment
Knowledge can help prevent cargo theft – stay one step ahead. Being informed about local theft trends is crucial for protecting your assets. Regularly assess your security measures to adapt to evolving threats in your region.
Questions? Contact Medallion Transport & Logistics
Medallion Transport & Logistics is committed to driver support, notifying all of any road conditions or hazards, compliance and safety. If you have any questions, give us a call at 765-650-4164.