#Another word for reverse supply chain how to#

This is done by monitoring the shipper or consignee to watch for shipments coming or going, becoming familiar with popular routes and stops for drivers, or even possessing inside knowledge about when and where a shipment will appear. Most often, the theft is a planned event, and the act often occurs while the cargo is in transit. This explains why the most frequently stolen cargo consists of smaller, easy to move, and in-demand products.

The goal of these thefts is most often resale, so the focus is on items that can be sold quickly and easily. Often thieves will steal entire trucks and trailers, resulting in losses of the highest-value items, which are recovered about 60% of the time. Other categories such as clothing, vehicle parts, household goods, and building materials donвЂ™t lag far behind in value, but none comes close to being recovered as often. For example, the second most valuable item stolen is consumable goods, with a 7.3% recovery rate. The FBI report provides two very important points from which to draw insights: the total value of stolen cargo, and the amount recovered. But even with that limited information, we can see some patterns and areas of concern. The most recent data available shows that agencies in just 18 states reported losses to the federal government.

#Another word for reverse supply chain how to#

As a result, speculation runs rampant, and no one has a clear direction on how to prevent future incidents.Д®ven the FBI is unable to compile a comprehensive report on total cargo theft in the U.S. To add to the confusion, once a theft is reported, categorization varies according to the investigating agency. Even with that monetary motivator, though, data is spotty. In the U.S., there are several independent entities that track cargo theft, most backed by the insurance companies that foot the bill for the crimes. Despite its being such a pervasive threat, many countries still lack a unified reporting agency or database. Many view it as a disagreeable but necessary cost of doing business, and ultimately someone elseвЂ™s problem. The experience brought visibility to a problem that can be encountered anywhere in the world.Д¬argo theft is a wide-reaching and surprisingly under-reported issue faced by all in the supply chain at some point or another. While this was apparently a common occurrence in that particular country, the nonchalant attitude toward serious cargo theft raised my eyebrows.ДЄn investigation revealed that the cargo in question had been left unattended on the dock, allowing for the thievesвЂ™ opportunistic haul. The situation was simple and understood by all local parties: Shipment must be re-sent, cargo was stolen.