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Organized crime groups target Nike's supply chain causing massive losses, especially with high-demand items like Air Jordans.
Nike's supply chain, from manufacturing to retail, is increasingly targeted by organized crime groups resulting in millions worth of theft, particularly for high-demand products like Air Jordans. These thefts occur in warehouses, distribution centers, rail yards, and even FedEx delivery trucks, with stolen goods being sold via social media and online marketplaces. The surge in retail crime has raised calls for businesses to be more proactive in their defense strategies, as theft and fraud are rising throughout the logistics and delivery process, affecting companies across the retail sector.
Source: WSJ
Smash-and-grab robberies are out, organized cargo theft is surging up 57% higher than last year, and the thieves are targeting your Nikes https://t.co/sKjHrmLFxn
— Insider Business (@BusinessInsider) August 6, 2023
Plus, C.H. Robinson's 2026 rate forecast update, Hormuz tankers still stuck, a $1M LEGO heist, and more.
Plus: Mexico freight anchors 2026, C.H. Robinson's in-house AI tools, Overhaul's NC theft recovery
Plus: a $400K lobster shipment stolen en route to Costco, a $7M cocaine bust, California’s non-domiciled CDL crackdown's legal challenge, and more.
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tyson’s supply chain and expand cold-storage capacity nationwide.
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