Logistics firms are being tasked with a lot, from improving shipping times and supply chain efficiency to keeping costs down, navigating global complexity, and reducing losses. Increasingly, the sector is being targeted by criminals aiming for goods with a high resale value, such as electronics, pharmaceuticals and essential commodities.
The losses incurred by operators within Europe are significant, approximately €8.2 billion annually, with warehouses being the most targeted location, accounting for 41% of recorded incidents in the UK and Europe. Fraud and vandalism are other concerns for logistics leaders, leading to equipment or vehicle downtime, shipment delays, and customer dissatisfaction.
