Logistics and supply chain operations are grappling with an alarming surge in cargo theft; recent data highlights the severity of the issue.
The consequences of these thefts go beyond financial losses; they strain supply chains, disrupt inventories, and impact business reputation and operational consistency. In a bid to offset these losses, companies often increase product prices, transferring the cost burden to consumers.
Stolen goods also frequently reappear on black markets, further inflating the prices of legitimate products and impacting consumer trust.
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