Rise in Organized Cargo Theft Threatens Nike's Supply Chain

Organized cargo theft has seen a significant increase, with a 57% surge compared to last year, as thieves target shipments and divert them away from their intended recipients. Thieves use stolen credentials or falsified pickup addresses to carry out elaborate schemes, sometimes stealing entire loaded trailers. The average value per theft has also risen, with an average loss of $260,703 per incident. Nike shipments have been particularly targeted, with thieves stealing products at various stages of the supply chain. Limited edition Air Jordans and other high-value items are especially sought after. The surge in cargo theft has led to retailers closing stores and navigating a new consumer landscape with increased e-commerce.