Cargo theft remains an unfortunate reality in the supply chain, as thieves use any number of methods to hijack cargo loads or deceive shippers into sending cargo to them. In fact, full truckload cargo theft rose by 37 percent in the first quarter of 2022 compared to the last part of 2021.
Cargo theft is a $35-billion industry and has been growing since the start of the pandemic. Obviously, this is costly to companies and can severely disrupt supply chains nationwide. Thanks to evolving technology and higher consumer demand, cargo is now more vulnerable than ever before.