According to Verisk’s CargoNet system, cargo thefts in the United States and Canada fell 15% year over year in 2021, with an estimated $58 million in cargo stolen last year. The cargo theft database and information-sharing system recorded 1,285 supply chain risk events in both countries. Of those, 55 percent involved theft of at least… Continue reading Cargo Thefts Down 15% in 2021: Verisk
Tag: warehouse insurance
Supply-Chain Disruption Hits Production of Trailers Required to Haul Goods
Parts and labor shortages are crimping production at truck-trailer factories, undermining trucking companies’ efforts to expand capacity in a constrained freight transport market. According to transportation data provider ACT Research, manufacturers produced 25% more dry vans—the most common type of semitrailer used to haul goods—in 2019 than they do now, and industry turnaround times for… Continue reading Supply-Chain Disruption Hits Production of Trailers Required to Haul Goods
Insurers Prefer Warehouse Investments over Offices as COVID Hastens Real Estate Shifts
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said. The pandemic is hastening a shift among insurers to exchange “undesirable” real estate investments, which also include retail properties, such as… Continue reading Insurers Prefer Warehouse Investments over Offices as COVID Hastens Real Estate Shifts
Warehouse Demand Surges as Retailers Reset Supply Chains
Demand for U.S. warehouse space is rebounding as upheaval from the coronavirus pandemic pushes businesses to retool their supply chains. Industrial real-estate activity, such as lease renewals and new leases, jumped 43% from April 15 to May 14 from the previous 30-day period, recovering more quickly than expected from the economic shocks of the pandemic,… Continue reading Warehouse Demand Surges as Retailers Reset Supply Chains
Amazon Workers in at Least 8 U.S. Warehouses Test Positive for COVID-19
As online retail behemoth Amazon is deluged with orders from people sequestered at home during the coronavirus pandemic, workers in at least eight of the company’s U.S. warehouses have contracted the disease in recent days. The growing number of COVID-19 cases, as well as reports of questionable practices at Amazon facilities, have prompted employees and… Continue reading Amazon Workers in at Least 8 U.S. Warehouses Test Positive for COVID-19