Supply chain protection
With large-scale theft on the increase, the pharma supply chain has never been more vulnerable. Today's freight specialists now have the expertise to prevent such losses.
The theft of two full truckloads – totalling over $20 million in products – left one multinational pharmaceutical company reeling in late 2006. Not only was a staggering amount of product stolen, but losses were magnified by lost revenue, cost of insurance deductibles, potential loss of customer trust and damage to distributors’ reputations.
Full truckload thefts are a serious threat to pharmaceutical companies. However, US freight specialist FreightWatch has the experience and knowledge of cargo theft criminals to prevent this kind of devastating loss.
Founded in 1998, FreightWatch initially provided cargo escort services to shippers of high-value, at-risk products. Its proven track record in loss reduction has attracted key blue chip customers and fuelled expansion throughout Europe, the US, Mexico, Malaysia and Brazil. Its success in these regions has made it the preferred single-source global security provider for a growing list of well-known multinational companies.
The company’s experienced cargo theft security professionals come from law enforcement, military security and distribution. With this solid expertise, it delivers a comprehensive suite of solutions to prevent the theft of its clients’ high-value goods.
Coast-to-coast security for pharmaceutical cargo moving throughout the US.
A professional service
With a combination of FreightWatch’s security expertise, products and services, a pharma company can effectively mitigate its cargo theft risks. Customer risk profile (CRP) assessments identify the risks of theft inherent in a client’s distribution centre and supply lanes. The CRP review includes:
- Physical, electronic and procedural security infrastructures
- Carriers (facilities and routes) that provide logistics services
- Known threats to a specific distribution chain
- Supply lanes and potential problem areas
FreightWatch provides experienced risk management officers to monitor and measure operational security compliance. These officers focus employees and drivers on security procedures, proactively influencing behavioural change in an organisation. Responsibilities include route reconnaissance, driver departure interviews, in-transit surveillance and security process implementation.
To deter criminals and monitor compliance with company security protocols, FreightWatch conducts cargo security escorts. Using unmarked vehicles fitted with GPS and wireless phones, security professionals perform counter-surveillance operations and interact with the most vulnerable part of the supply chain process: the driver.
High-performance technologies
The FreightWatch Security Net (FSN) Cargo Tracking Program is an electronic alternative to human escorts. The overland passage of high-value cargo is displayed on FreightWatch’s internet-based tracking service, FSNtracks. Real-time location information can minimise the chance of valuable goods being stolen, or, if a theft has already occurred, support law enforcement recovery efforts. In 2006, the theft of a full truckload with $1.5 million in cigarettes along Interstate 95 in St. Johns County, Georgia, was recovered intact within 90 minutes.
In addition, FreightWatch has partnered with Strategic Forecasting Incorporated (Stratfor) to deliver the industry’s first real-time intelligence, analysis and forecasting service addressing freight and cargo security issues in the US and overseas. The Supply Chain Intelligence Monitor provides access to critical intelligence and analysis of logistics security issues from an integrated website.
Maximum security
Preventing cargo theft requires expertise. FreightWatch has the experience, the security professionals, the tools and the technology to eliminate cargo theft – before it happens. By protecting its clients’ against theft, FreightWatch ensures they can shave every penny from the bottom line, helping them survive in today’s highly competitive, cost-driven economy.
Company profile
Founded in 1998, FreightWatch initially provided cargo escort services to shippers of high-value, at-risk products. Its track record in loss reduction has attracted key blue chip customers.
For more information, visit www.freightwatchgroup.com
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