Theft Resistant Logistics Systems

Paper Summary:

The paper analyzes the problem of in-transit theft. The writer explains the need for a multi-faceted approach in logistic systems, systems that can literally mean the difference between success in business and bankruptcy. The paper analyzes the likelihood of secure freight yards and warehouses reducing the incidence of cargo theft, because so much of the theft is carried out by employees. The writer concludes that for many companies, determining whether the thefts are internal or external is more cost and labor intensive than implementing across-the-board loss prevention measures.

From the Paper:

"Furthermore, theft in logistics systems is a major problem. "Worldwide, cargo theft losses total $30 billion a year, according to the International Chamber of Commerce" (Chubb Group). While cargo theft occurs across the board, there are some products that are more vulnerable to theft: those that are highly valuable for their size, are easily transportable, and are easily sold at a high profit (Chubb Group). For example, trucks bearing cigarettes are vulnerable to theft because increased taxes on cigarettes have made their black-market sale especially lucrative."

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