Overview

Rs. 50-80 Billion

worth of cash is transported on an average, by a Cash Logistics company at a daily basis.

In a majority of Logistics firms, due to use of mechanical padlocks, the firms experience en route pilferage (of goods and fuel) since the keys are illegally duplicated and used to pilfer products while trucks were en route. There was no audit trail or log of the padlocks’ operation. The pilferage is so rampant and widespread that they find it difficult to pursue tracking of the culprits, resulting in significant financial losses.

Challenges

  • Cargo Theft

    $60 Billion

    is estimated to be lost each year by Logistic Companies to Cargo theft.

    Whether you are a shipper of high value loads such as electronics, pharmaceuticals, alcohol, tobacco, or metals, or the logistics provider of these goods, cargo theft comes at a high cost. Of course there’s the cost of the lost load and effort of recovery, but you may also be faced with increased insurance premiums, deductibles and a damaged reputation. The use of mechanical padlocks and physical keys is to blame. But, an even bigger problem is not having insight or a trail of trucks and In-Transit vehicles which makes it convenient for thefts to take place. The theft could either take place Internally (Truck Drivers/Staff) or Externally (Burglars/Thieves), irrespective, financial losses are imminent.

    of cargo theft happens during the transport of goods on trucks.

    Cargo Theft statistics indicate that it is a low-risk, high reward crime. Today’s major cargo thieves are sophisticated, organized and generally not home grown. Thieves are often recruited and trained by Crime syndicates, then sent elsewhere to establish their operations. For instance, in California, violent gangs such as MS-13 (also known as Mara Salvatrucha) have been known to finance their activities through cargo theft. In Canada, the Chinese Triad crime organization is becoming a major player in the cargo theft arena. There are even concerns that money generated by various US organized cargo theft rings is being funneled to terrorist organizations such as Al Qaeda and Hezbollah to fund future attacks against the United States.

  • Fuel Theft

    $150

    Worth Stolen every minute.

    $9,000

    Worth Stolen every hour.

    $12,960,000

    Worth Stolen every day.

    Fuel theft costs companies hundreds of thousands of dollars. We often hear about thefts that businesses experience; one company reported tens of thousands of litres of diesel fuel stolen over only a few weeks, valued at $18,000, $27,000 and $50,000! Imagine the impact on the business affected.

    Whether it’s your staff casually helping themselves to your fuel or organized thieves stealing fuel to resell it , it’s a problem.

  • Defeatable Container Seals

    $60 Billion

    is estimated to be lost each year by Logistic Companies to Cargo theft.

    OTL seals are not re-usable and can be easily tampered with. Unlike a lock, a seal is not intended to delay or discourage unauthorized entry (except possibly in a vague psychological sense). Instead, a seal is meant to leave behind unambiguous, nonerasable evidence of unauthorized access.

    Seal manufacturers, vendors, and users typically overestimate the difficulty of defeating their seals. At least 105 different generic methods are available for potentially defeating a seal.

Our Solution

Fuel theft and Asset theft are two of the main problems crippling the Logistics industry worldwide, causing cash burn in billions of dollars, yearly. A lack of automation system are to blame for these issues. With OpenApp’s Automation system:

  • Access is scheduled ahead of time to automate process (can also be given in the moment).
  • Access log will tell the Operator details on when the lock was accessed, by whom thereby giving him control over Remote Access of moving material.
  • Location based Access to have a bird’s eye view, total control and visibility over moving assets.
  • Real time threat alert in cases of emergency with live tracking feature.

Geo-fencing (Location based Access)

Geofencing helps shipping companies keep track of cargo from the moment it leaves the warehouse. They can analyze situations and determine risk factors that they should avoid in the future. With location

  • Allow users to access locks only when they are in the intended location of the locks.
  • Prevents staff from interchanging locks within different locations.
  • Total control and visibility over material movement through automation.

Real-time threat alert

If threat is imminent, the field executive in possession of the ‘Cash Transit box’ can press the SOS button to alert Admin/Authorities.

Admin receives a link to begin tracking the box. This link is active up to four hours, long enough for action to be taken with active alerts on the route the box is taking with listing of it’s recent users.

Results & Benefits

  • Drivers no longer have access to the locked fuel compartments of the trucks. If for any reason, drivers need access, drivers can be granted very customized access that can be tracked and revoked by system administrators remotely.
  • OpenApp provides Logistics firms with real-time data so managers can make insightful, cost-effective decisions to improve the bottom line. Nokē’s audit trails and advanced reports allow Medco to manage its team and resources in a way that is safe, smart, and convenient.
  • No longer reliant on disposable seals which can be tampered with or stolen.
  • Software designed to monitor access to the fuel tank which offers 98 to 100 per cent success rate in averting theft.

There’s more! Read next Use Case for Warehouses