SensiGuard® Q2-2019 Report: Food & Drinks Secures U.S. Top Spot in Cargo Theft
This is part two of the four part series where we share a portion of the SensiGuard® Second Quarter Supply Chain Intelligence Center (SCIC) Report highlighting a different region.
The SensiGuard Supply Chain Intelligence Center (SCIC) actively tracks and records cargo theft around the globe, categorizing stolen loads under twelve different product types, and tracking by date, location, Modus Operandi (M.O.), value, and specific product. On a regular basis, we issue security bulletins and cargo theft reports to help companies mitigate risks associated with theft, spoilage, counterfeiting, diversion, pilferage, and other cargo security threats.
On October 11 we posted our findings about the continued rise in Cargo Theft in Mexico.
This week we are sharing a few of the second quarter highlights of recent activities for the United States. You can get the full report and latest updates for the United States, Canada, and other parts of the world by visiting the SensiGuard Supply Chain Intelligence Center:
United States Highlights
In Q2-2019, the SCIC recorded a total of 144 cargo thefts in the United States. The average loss value per incident during this time was $118,496, which is only a 1% decrease in volume and a 2% increase in value over the previous quarter.
It should also be noted that one theft valued at over one million dollars was recorded during Q2-2019, one during Q1-2019, and two reported in Q2-2018 as of the publication of this report.
Here are the most significant increases in cargo theft per category for April to June 2019:
- Product type. Food & Drinks theft increased, claiming 27% of total thefts and securing the top spot for the first time since Q2-2016. Home & Garden claimed the second spot with 15% of all thefts in Q2-2019.
- State. As usual, California continues to hold the top rank for cargo theft with 21% of total thefts. The theft rate did decrease, however, by 16% in Q1-2019 and 25% from Q2-2018. The most common theft in California was Food & Drinks at 30% followed by Electronics at 27%.
- Location. The most prevalent location for large scale cargo thefts continued to be in Unsecured Parking, identified in 86% of incidents in which a location type was declared.
- Event type. Incidents involving Theft of Full Truckload continued as the most prevalent method of theft during this quarter, with 60% of all reported thefts and an average loss value of $109,944. Pilferage continues to break records by topping the list for the fifth consecutive quarter, recording 35% of total thefts in Q2-2019. The average value is also a new record at $151,641.
- Product and Value. With 72% of thefts reporting a loss value in Q2-2019, the average loss value across all incidents was $118,496, which is 2% lower than Q1-2019 and 34% higher than Q1-2018. Pharmaceuticals recorded the highest average value in this quarter with $361,957, largely due to a $600,000+ Pilferage of supplies in California. The average value is 262% higher than Q1-2019 and 37% lower than Q1-2018. Additionally, Building & Industrial, Electronics, Home & Garden, and Metals each recorded a rise in average value over Q1-2019 and Q2-2018, increasing by 247% and 126%, 174% and 57%, 13% and 12%, and 186% and 223%, respectively.
Are you looking for cargo theft prevention and tracking solutions?
Learn how our Global Supply Chain Intelligence Team can get historical cargo data at your finger-tips through the SensiGuard Security Dashboard and Sensitech’s Analyst-on-Demand service. Contact one of our experts today to help you find anti-theft solutions designed for your specific business needs.
If you missed it, don’t forget to read: "Mexico Cargo Theft Threats Continue to Rise".
Editor’s Note: Delays in incident reporting typically cause measurable increases in theft volumes in the weeks following publication of SCIC quarterly reports. As such, totals for the most recent quarter are expected to rise above those recorded thus far. It is SCIC practice to use updated theft numbers for past quarters when comparing them to current three-month totals.