Skip to content
Search AI Powered

Latest Stories

Cargo theft forecasted to spike on Labor Day weekend

Trend could be worse than usual in 2020 as employees stay home during pandemic, leaving more loads unattended, CargoNet says.

locked door generic

Cargo thieves are poised to strike at unattended shipments and closed warehouses this weekend as many logistics employees take vacation days for the Labor Day holiday, a trend that will be exacerbated in 2020 by the trend of many people working from their home offices during the pandemic, a new report says.

The most common day for cargo theft is the Friday before Labor Day, according to an analysis of historical trends over that period from 2014 to 2019 performed by CargoNet, a New Jersey-based cargo theft solution provider.


CargoNet recorded 161 theft events across the U.S. and Canada in the time spanning the Thursday before Labor Day to the Wednesday after Labor Day over those years, involving a total of 202 trucks, trailers, chassis, and containers stolen. Theft events were highest in California, Texas, and New Jersey, as well as 25 other states and provinces.

Thieves typically prefer to steal electronics commodities, focusing on computers and televisions, but CargoNet says that like any business, they follow market demands. So during the lingering Covid-19 pandemic, that means thieves will likely target food and beverage commodities such as meat products and beer, as well as medical supplies including gloves and masks.

In defense against the long-standing trend of Labor Day theft, supply chain professionals can park only in secured facilities with deterrents such as high-visibility lighting, secured fences, surveillance video, or staffed guard services, CargoNet said. Securing trailers with locks and seals can also help prevent these burglaries.

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
shopper uses smartphone in retail store

EY lists five ways to fortify omnichannel retail

In the fallout from the pandemic, the term “omnichannel” seems both out of date and yet more vital than ever, according to a study from consulting firm EY.

That clash has come as retailers have been hustling to adjust to pandemic swings like a renewed focus on e-commerce, then swiftly reimagining store experiences as foot traffic returned. But even as the dust settles from those changes, retailers are now facing renewed questions about how best to define their omnichannel strategy in a world where customers have increasing power and information.

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less