The Art of the Steal
With pandemic-induced lockdowns, e-commerce surges, and transportation restrictions in 2020, cargo theft shifted to new commodities and locations (see chart), says a BSI and TT Club report.
New trends include the food and beverage sector experiencing the most theft, as well as an uptick in theft from facilities compared to 2019.
In the year ahead, shippers should watch for new cargo threats related to vaccine distribution. Bottlenecks at ports and warehouses due to e-commerce surges, and other effects of the pandemic, will only increase opportunities for cargo crime to occur, the report says.