Supply chain theft is reaching unprecedented levels, with a reported 25% increase expected in 2025. Organized criminal groups are capitalizing on heightened demand for goods, resulting in billions of dollars in losses across the supply chain. The economic impact is staggering, with some estimates placing total losses at $35 billion annually.
The Cost of Cargo Theft
Cargo theft not only disrupts supply chains but also threatens employee safety and inflates operational costs. High-value goods such as electronics, pharmaceuticals, and food are particularly vulnerable, with food alone accounting for a third of all hijacking incidents, according to the BSI Group.
Industry Calls for Stronger Security
Trucking and logistics stakeholders are urging for increased enforcement and innovative security measures to combat the rise in cargo theft. Supply Chain Dive reports that these incidents are prompting calls for congressional action, emphasizing the need for comprehensive strategies that include advanced technology and multi-party collaboration.
Hapn’s Role in Combating Supply Chain Theft
Hapn is at the forefront of these efforts, using cutting-edge tracking technology to secure cargo throughout the supply chain. Our trackers provide real-time visibility into asset locations, enabling businesses to respond quickly to potential theft and minimize losses. Here’s how:
- Real-Time Alerts: Instantly notify stakeholders when assets deviate from designated routes.
- AI-Powered Monitoring: Detect and respond to unusual movement patterns that could indicate theft.
- Geofencing and Geolocation: Monitor asset locations and define secure perimeters to deter unauthorized access.
Innovation Meets Resilience
In addition to theft prevention, Hapn’s tracking solutions contribute to overall supply chain resilience. Our technology helps businesses maintain control over assets, optimize logistics, and mitigate disruptions. As supply chains become more complex, Hapn remains committed to providing actionable insights that empower companies to protect their assets and reduce risks effectively.
Collaboration and Technology: The Path Forward
The fight against supply chain theft will require a united effort involving businesses, technology providers, and policymakers. Hapn continues to work closely with partners to develop advanced solutions that enhance security, streamline operations, and drive industry-wide change. By integrating cutting-edge tracking technology into the supply chain, we’re not just preventing theft—we’re building a more resilient future for global logistics.
