The High Cost of Cargo Fraud

In a dynamic supply chain environment, challenges related to delays in the delivery of raw materials and product distribution can pose significant risks to the organization.

Implement risk management strategies that encompass both reactive actions, which respond to previously identified risks, and proactive measures designed to decrease the of occurrence or mitigate the severity of consequences associated with those risks.

As fleets have enhanced their hardware and surveillance techniques to better protect their cargo, criminals have evolved by adopting new strategies, increasingly on fraud and identity theft as low-risk, high-reward enterprises.

Assess the risks to enhance comprehension of the current status in relation to future uncertainties (potential risks that may arise), thereby facilitating the development of effective guidelines.

Industry reports reveal a marked increase in cargo theft over recent years. Although incidents of common theft at truck stops persist, there is an emerging trend towards more and innovative approaches to cargo theft.

The most prominently reported instances of these "creative" crimes entail the formation of fictitious trucking companies that appear legitimate on paper, possessing the appropriate registration and insurance documentation. These entities monitor load boards, seeking high-value cargo, accept the shipment and subsequently disappear without a trace.