As people get more prosperous, their demand for high-value goods grows. Probably billions of dollars of high-value goods are transported daily, from vehicles and consumer electronics to precious metals, jewellery and watches. The biggest problem with these shipments is the risk of theft – stealing cargo from the point of origin to the point of delivery in the supply chain. Every single incident of cargo theft costs on average 26,000 Euro in Europe and $80,000 in the US* and thousands of thefts happen every week. Longer supply chains add more places where goods are handled, and ultimately more risk.
There are also multiple downstream effects and costs of theft. These include loss of business opportunities, market impact and more. As an example, it is estimated the business impact of losing valuable goods such as electronics goods and new game consoles is several times larger than the value of the goods themselves.
While it’s difficult to totally prevent theft, there are many things you can do to reduce risks. Several government agencies offer information, including the UK Centre for the Protection of National Infrastructure (CPNI). Their guidelines include advice about what to do before, during and after transport, find out more here.
Billions of dollars of high-value goods are transported daily, from vehicles and consumer electronics to precious metals, jewellery and watches.
If something unexpected happens you want to know when it happened and be able to act on it instantly, with more chance of deterring any possible theft. Tracking and monitoring solutions give you a real-time overview and updates about the position and condition of a shipment in transit. You are notified if there is any deviation from a predefined route and if cargo is tilted or shocked in real-time. GPS positioning along with outside geo zones or geofences give you reliable and actionable information about what happens to your cargo – as it happens.
If something unexpected happens you want to know when it happened and be able to act on it instantly. That way you have more chance of deterring any possible theft.
Visilion from Sony is a complete asset tracking and supply chain visibility solution. Connected to transport management systems or used standalone, Visilion presents detailed, real-time insights into route deviations, arrival and departure times, late delivery notifications, positioning, temperature deviations, shocks, impacts and falls and more. Visilion is delivered as a turnkey solution with trackers, a cloud service and a web interface.
Using Visilion trackers you can react promptly to any deviation in route, or form of cargo interference. This increases the chances of your goods arriving safely and informing you should experience a delay. While increasing security, Visilion decreases costs by reducing manpower related to tracking & shipment queries, and helps you make better decisions using data and analytics.
If you are not yet working with advanced supply chain visibility, there has never been a better time to start. Get in touch.
* According to logistics insurer TT Club