- Cargo theft continues to climb, with freight criminals targeting more cities across the U.S. and making more use of cyber scams and identity theft.
- Food and beverage products are the top targets for freight theft in 2023, with an average loss of $214,000.
- Los Angeles is the top national target, but the threat is spreading across the country’s interior supply chain to an “unusual” extent, according to a cargo theft expert.
Food and beverage coming into port or in a warehouse is No. 1 on the list of products being targeted by freight thieves who are increasing their criminal activity across the national supply chain. It’s a sign of the economic times, and adding further pressure to the high prices faced by consumers during an elevated inflation environment.
“During the financial downturn in 2008, we saw a theft shift towards food and beverage where it stayed in that spot until the end of 2019,” says Scott Cornell, transportation lead and crime and theft specialist at insurance provider Travelers. “In 2020, we saw the target move to household goods, because we were all at home. In 2021, electronic theft was high due to some shortages as a result of all the working and schooling from home.”
www.cnbc.com/2023/03/25/cargo-theft-led-by-food-and-beverage-is-surging-across-the-us.html
h/t The Tribulation Series