With a mixture of technology, joint business initiatives and law enforcement partners, retailers battle cargo thieves
Consumers have little concept of the security and technology involved in bringing retail goods safely to market. Every day, cargo thieves are targeting freight worth anywhere from hundreds of thousands to millions of dollars, ranging from food and drinks, electronics, and home and garden products to metals, building and industrial materials, clothing and shoes, auto parts, alcohol and tobacco, pharmaceuticals, and personal care items.
As cargo theft rings become increasingly organized and sophisticated, logistics firms are enlisting the help of loss prevention and risk professionals in the ongoing battle to keep the supply chain safe. Compounding the challenges of external risk factors, industry regulations no longer allow for a "one size fits all" approach to securing products. Traditional means of securing property may not meet the requirements of domestic regulating authorities like U.S. Customs and Border Protection (CBP) and international regulating authorities such as the World Customs Organization
Customs-Trade Partnership Against Terrorism (C-TPAT), Partners in Protection (PIP), and EU Authorized Economic Operator (AEO) are among the increasing number of country-specific, joint government-business initiatives designed to strengthen the impact of supply chain and border security efforts worldwide. For instance, C-TPAT certification ensures additional security policies and procedures are implemented and followed in an effort to ensure the overall integrity of the supply chain process. With the C-TPAT certification, organizations can speed up the flow of business and maximize the efficiencies of the supply chain process. Today's loss prevention professionals must stay informed as regulatory requirements continue to evolve, so new policies are implemented in compliance with the latest developments.