Dive Summary:
- According to FreightWatch International data, food was the most stolen type of cargo from 2010 to 2012, with a Tyco Integrated Security report showing that 19% of cargo thefts in 2012 were food items.
- Tyco's director of commercial and industrial marketing, Don Hsieh, says that food is a more valuable black market item than electronics, with food fetching 70¢ on the dollar compared to 30¢ or less for electronics, and that the lower amount of security technology in food shipments makes it easier to avoid capture.
- The number of thefts tends to grow alongside increases in commodities and food prices.
From the article:
... Who would buy stolen food? The black market for food is surprisingly not small. Bloomberg Businessweek has reported on the theft of 6 million pounds of maple syrup in Canada, the robbery of $65,000 of chicken wings, and a $100,000 hamburger heist. ...