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Logistics and supply chain operations have been grappling with a significant surge in cargo theft in recent years, with incidents increasing by a staggering 57% from 2022 to 2023, according to a report by Cargonet. This escalating issue not only poses direct financial losses to businesses through loss of product and the ultimate sales value, but also has far-reaching implications on end-consumers and the broader economy. Many large businesses have pointed to fraud and theft as drivers of price increases and tighter profit margins.
As financial pressures mount, there is a correlation to the cadence of fraudulent activities within supply chains, highlighting several questions that demand answers.
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