December 18, 2023
How to Protect Your Business From a Delivery Theft
In business-to-business transportation, timely and secure delivery of goods is critical for maintaining client satisfaction and trust. That’s why the supply chain stakeholders are continuously concerned about improving their freight security. Double brokering, a prevalent method of carrier fraud, has expanded its reach, forcing transportation companies to invest in safer and more trustworthy logistics processes. However, this is one of many challenges freight companies face regarding delivery theft.
Types of B2B Delivery Theft
Internal theft
It includes pilferage, which means stealing small quantities of goods from warehouses, sharing sensitive data like cargo routes and dates, or colluding between drivers and criminals.
Fraudulent operations
Including double brokering and other forms of carrier fraud, false non-delivery claims, tampering with package contents, and fraudulent ordering.
Cargo theft
Reports suggest a significant increase in B2B parcel delivery theft cases in recent years. This rise is attributed to the vulnerability of unsecured delivery networks.
- In 2022, porch pirates stole over 250 million packages
- Almost 1 billion dollars worth of freight was subject to theft last year
- About 70% of supply chain theft can be traced to insider involvement
- Over 15% of cargo theft claims originated in fraud or deception
These incidents result in direct financial losses and damage a company’s reputation and credibility.
Tech-Enabled Solutions as a Defense
Fortunately, advancements in technology offer solutions to mitigate these risks. Electronic Proof of Delivery devices with advanced tracking capabilities have emerged as a promising tool to prevent B2B delivery theft. These devices provide real-time tracking, enabling businesses to monitor their shipments throughout the delivery process. They offer a digital record of delivery, including timestamps and recipient confirmation, ensuring accountability and transparency.
Implementing Preventive Measures
Enhanced Tracking Systems
Employee Training
Collaboration with Trustworthy Delivery Services
While technology can significantly reduce the risk of B2B delivery theft, businesses must remain vigilant. A proactive and adaptable approach to safeguard shipments is required because thieves employ constantly evolving tactics.
At Last Mile Logistics, we leverage our cloud-based solution, SunConnect, to take proactive steps to protect shipments and preserve trust and confidence within your delivery processes. Stay informed, remain cautious, and embrace innovative solutions with an experienced transportation partner.