Cargo ships struck in Strait of Hormuz
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So far, the war in Iran is not causing problems at West Coast ports, Port of LA Executive Director Gene Seroka said.
According to Marsh North American logistics practice leader Janelle Griffith (pictured), the shift from opportunistic theft to coordinated criminal activity has been developing for nearly a decade, accelerating during the pandemic as both legitimate supply chains and criminal networks embraced digital tools.
The escalation of the Iran conflict is already creating a ripple effect across global air cargo markets, tightening capacity on several key trade lanes and pushing up freight rates in multiple regions.
The value of cargo thefts has surged, with pricey AI chips and RAM modules as favorite targets.