By: Sal Marino - Vice President of Business Development, CargoNet
Cargo theft in the United States continues to create challenges for our nation’s supply chain. No one is immune to the impact of cargo theft. Although insurance companies carry a majority of the risk, we all stand to lose when cargo is removed from legitimate supply chains.
Shippers are concerned with their reputation and brand being tarnished; as well as empty shelves and loss of consumer scenarios. The motor carriers and brokers feel the pain of theft when their deductibles need to be met and their insurance companies raise their premiums, it’s even worse when they are self-insured, as the loss falls right to their bottom line.
Most importantly for shippers is the potential loss of confidence from customers and the risk of losing business. The owner operator’s safety is in jeopardy and when their tractors are stolen, that power unit stops generating revenue. Finally, the consumers are impacted as manufacturers are beginning to build in theft loss into its cost and passing it down.
So how can you mitigate cargo theft? In one word “preparedness”. It’s imperative to have documented prevention protocols in place. From CargoNet’s perspective, it is all about education and awareness. Here are some best practices to protect your freight and assets from being stolen:
Cargo security is everyone’s responsibility. Keep your guard up at all times and do not be lured into a false sense of security. Your first theft could be your last!
- See more at: http://blog.chrwtrucks.com/carrier/mitigate-cargo-theft/?sf25080558=1#sthash.F9CuIxYG.dpuf