Cargo theft incidents increased 8.4 percent in 2011 compared to 2010, according to the 2011 US Cargo Theft Report published last week by FreightWatch International. The 974 cargo thefts recorded last year was the highest on record.
Here are some interesting statistics from the report:
If you predicted that we would publish a “predictions for 2012” piece today, then congratulations, you are a true visionary! Of course, it was a safe bet to make because we always share what we see in our crystal balls this time of the year (click here and here for our 2011 and 2010 predictions, respectively).
Our predictions don’t always hit the mark, but our main goal… Continue reading
Supply chain disruptions occur in many forms, from simple day-to-day concerns to catastrophic natural disasters. While potential risk cannot be avoided entirely, leading companies are taking a new approach to risk management and optimization. Instead of viewing risk mitigation as a one-time or periodic activity, these companies are assessing risk as a continuous improvement initiative. By adopting a combination of sophisticated technology and best-practice processes, organizations can effectively… Continue reading
After all of the (self-made) drama, Republicans and Democrats finally reached an agreement and raised the debt ceiling. It didn’t take long for the media and pundits to pick the winners and losers in the deal (for example, see “Winners and Losers in the Debt Ceiling Deal” published in Knowledge@Wharton and this op-ed by Karl Rove in the Wall Street Journal). This is just another example of how… Continue reading
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Guest Commentary: Preventing Cargo Theft in the Supply Chain
Today’s economy is driven by a global supply chain where goods move around the world 24/7. As supply chains grow more complex, so does the ability to secure goods. One of the biggest challenges affecting businesses today is cargo theft, and the resulting potential disruption of the supply chain.
How large is this problem?
While difficult to quantify, the FBI estimates cargo theft amounts to $15 to $30 billion… Continue reading
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