Cargo theft poses a significant risk to the integrity of the supply chain and this risk is dramatically enhanced over the long Memorial Day weekend. It is well documented that cargo theft rates spike over long holiday weekends, and preventative measures should be taken to protect your cargo.
This spike in cargo theft can be attributed to goods being left unattended and a lack of adequate security while goods are stored in trucks or in warehouses over the long weekend. Memorial Day is also a time leading into summer when there is an uptick in consumer spending and companies are building inventory and shipping higher volumes of goods. With the increase in e-commerce spending that has been a trend for the past several years and the increasing prevalence of both targeted and non-targeted cargo theft, the potential risk for strategic and opportunistic cargo theft is amplified. Many facilities may close early on Friday, May 27, and there will be extended periods of time when facilities are not operating, and goods are not moving. As we have seen recently with the theft and looting of trains backlogged from the LA/Long Beach port facilities, cargo at rest is cargo at risk.
Companies should follow recognized industry-best security practices to protect their goods over the long holiday weekend. These best practices include clear communication and instructions to drivers and shippers, increased shipment visibility through active tracking procedures, and a well-established security plan for goods in warehouse storage and during transit. Practices such as leaving fully loaded vehicles unattended overnight, parking in insecure lots, failing to track shipments actively, and not having a formal security plan in place will dramatically increase the risk of goods being stolen.
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