The rise in average value can be attributed to cargo thieves increasingly focusing on high-value shipments, especially Nikes and other limited-edition items that fetch a premium on the resale market.
Retailers’ Close Outlets
These organized criminals employ stolen credentials from logistics brokers or falsified pickup addresses to execute their elaborate schemes successfully.
Due to the complexity and rarity of criminal enforcement in such cases, these groups have become emboldened to continue their illegal activities.
The average value of each stolen shipment has also surged, with an increase of nearly $100,000, resulting in an average loss of $260,703 per theft.
E-commerce continues to gain popularity, as retailers navigate the new consumer landscape. Many large retailers have shut down locations to mitigate losses.
Major retail chains like Walmart and Target have been forced to close stores. Walmart closed stores in Chicago, Portland, and Albuquerque this year. And Target shuttered locations in Minneapolis, Philadelphia, and the DC area.
