Strategies to Prevent Shipping Fraud and Theft | Episode 38
Shipping fraud and theft are growing concerns in the logistics industry, with organized crime increasingly targeting high-value goods. Criminal organizations are using advanced tactics like GPS jamming and identity fraud to exploit supply chain vulnerabilities, leading to financial losses, disruptions and damaged reputations. To counter these rising risks, companies must adopt proactive security measures to protect their assets and operations.
In episode 38 of Banyan Technology’s Tire Tracks® podcast, David Warrick, Executive Vice President at Overhaul, discusses how criminals exploit vulnerabilities in the supply chain and how businesses can protect their cargo. Warrick, who has managed global supply chains for Microsoft and Coca-Cola, brings a wealth of experience and knowledge, highlighting proactive measures like real-time tracking, partnerships with law enforcement, and the role of AI in preventing theft.
“We’re seeing organized crime becoming more sophisticated, targeting supply chains with precision,” said Warrick. “But with the right tools and strategies in place, businesses can stay ahead and protect their cargo.”
Shipping Fraud Episode Key Points
- Welcome to David Warrick, EVP at Overhaul, and his path from engineering to working in logistics.
- The premise of Overhaul and its founding story.
- An overview of Overhaul’s partnerships with organized departments such as the California Highway Patrol.
- Advice for prevention and understanding the inherent risk involved in shipping fraud.
- Exploring procedures in place for checking out trucks.
- How generative AI and machine learning support the interpretation of data.
- Predictions for the future of shipping safety and loss prevention.
- The key takeaway that David wants people to hear: supply chain security is a real problem.
“I’ve evolved from being a big practitioner in supply chain to being really focused on helping supply chain evolve and helping drive this industry forward.” — David Warrick [0:07:48]
“As a leader, my philosophy has always been I would never ask anybody to do something that I haven’t tried or done myself.” — David Warrick [0:09:17]
“We have a saying at Overhaul: cargo at rest is cargo at risk.” — David Warrick [0:12:10]
“As a shipper, know your supply chain, know the people who you are actually using to transact your goods, and make sure that you have security protocols.” — David Warrick [0:19:10]
Learn how you can protect your supply chain from shipping fraud and theft with practical insights and cutting-edge solutions. Click above to view Tire Tracks Episode 38.
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