LP Magazine

JAN-FEB 2019

LP magazine publishes articles for loss prevention, asset protection, and retail professionals covering shrinkage, investigations, shoplifting, internal theft, fraud, technology, best practices, and career development.

Issue link: http://digital.lpportal.com/i/1078914

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Page 43 of 77

BUMPS IN THE ROAD 42 JANUARY–FEBRUARY 2019 | LOSSPREVENTIONMEDIA.COM property stolen in cargo thefts has been falling or holding steady. What's behind the better numbers? Experts suggested a number of factors have put cargo thieves on their back feet. These include: ■ Successful law enforcement investigations and the formation of cargo-theft task forces; ■ Increased use of GPS tracking devices to monitor shipments; ■ Better locks on trailers; ■ Fleets and drivers adopting team driving; and ■ Better cameras and recorded footage of thefts and identification of suspects and vehicles. "The technology piece is interesting," according to Tony Pelli, a supply chain risk consultant at BSI. "Tracking devices are becoming a lot cheaper. And instead of tissue box-size or even larger devices, we've moved to much smaller devices, and even throw away ones where reverse logistics is not necessary and you don't have to worry about getting them back." He added that—because everything is Internet-connected these days—there really is no excuse to not have visibility into cargo shipments. "Increasingly, everything in a truck is connected to the Internet: the driver's cell phone, the truck's engine, and so on. You've already got things on board that you can track." While that does add a new layer of responsibility—to make sure devices that are tracking and reporting locations of shipments aren't vulnerable to being hacked—it's helping to alter the cost analysis on which cargo shipments are worth tracking. "It's becoming possible to track cheaper shipments like food and beverage and other products on which, in the past, it might not have been worth it to do tracking," advised Pelli. With Sensiguard reporting that food and drinks were the third-most stolen type of cargo in the third quarter of 2018, that's good news. Using technology to monitor shipments seems to yield value, according to recent research, including tests conducted by researchers in a paper for Technical Transactions, "The Cost of Risk Evaluation in Intermodal Transport," Dec. 2017. In the study, researchers compared intermodal shipments (a) without location monitoring, (b) with location monitoring, and (c) with location monitoring plus cargo parameters, such as notification if container doors are opened, temperatures exceed a certain limit, and other deviations from standard events. The conclusion: "Conducted tests made it possible to confirm the benefits of implementing a system for positioning and monitoring cargo parameters, especially for high-value Tony Pelli Retail Victims of Cargo Theft 2015–2018 37.9% 44.1% 40.0% 28.8% Source National Retail Federation 2018 Organized Retail Crime Survey 2015 2016 2017 2018 Cargo Theft by Location, 2015–2017 Source: CargoNet, a Verisk business 211 209 149 72 92 131 227 207 125 149 99 103 117 91 89 82 110 87 70 50 34 12 33 23 2015 2016 2017 250 200 150 100 50 0 Reported Cargo Theft Incidents Warehouse/DC Secured Yard Other Parking Lot Truck Stop Unsecured Yard Side of Road Port

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