Cargo theft in the United States is big business. It accounts for $30 billion losses annually, according to Inbound Logistics.
Less-than-truckload (LTL) and full truckload shipments are favorite targets of criminals who specialize in pilferage. They steal small quantities of products and hope that time and distance will delay discovery and impede investigation.
When pilfered shipments arrive, both customer relationships and the supply chain suffer. The customer may have to reorder the entire shipment or file insurance claims or incur other costs in addition to absorbing the economic loss from the of the stolen products.
But with simple changes to stretch wrapping – a process you’re probably already using – you can improve your ability to identify when and where pilferage is happening and create a plan to stop it.