Search
 
Market Insights

Estimated $223M in cargo stolen in 2022

Supply chain risk events in the U.S. and Canada increased 15% in 2022, according to CargoNet.

A ship with brightly colored shipping containers sails on a body of water. Computer electronics theft in 2022 dropped 37% from 2021, but the theft of televisions and other types of displays almost doubled, and overall electronics came in a close second behind household items for the most stolen products. (Credit: Kalyakan/Adobe Stock)

An estimated $223 million in cargo was stolen in the United States and Canada in 2022, according to a recent report from CargoNet. The 1,778 supply chain events recorded in 2022 show an increase of 15% from 2021, and these disruptions had an effect on inflation over the year as shortages drove prices higher.

The most targeted areas, according to the data, were California, Texas and Florida, with those three states making up nearly half of all supply chain theft in 2022. Warehouses, distribution centers and parking lots were the most frequent locations for these events.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Brittney Meredith-Miller

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

More from this author

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.