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In this issue of ACWI Advance we take a closer look at these stories:
- Biden Administration’s regulatory changes already have begun to take shape
- Hackers target cold chain distribution of the Pfizer Covid 19 vaccine.
- OSHA issues alert on how to safeguard workplaces by improving ventilation
- Industrial real estate is seen suffering this year as the economy continues to struggle.
- A wave of political change is believed to be driving an increase in shoplifting.
- A study finds trucking operational costs dropped during the freight drought of 2019.
Send your company news to Editor David Sparkman at dspark@comcast.net, and please understand that there is no cost to you when we use your news in this newsletter.
This Year Everything Changes
It appears a wave of political change in this country is helping to drive a rise in shoplifting, according the the National Retail Federation’s annual survey of organized retail crime (ORC).
The survey found that 75% of loss prevention executives at a cross-section of large and mid-sized retail companies said ORC activity increased in the past year, up from 68% last year. Losses averaged $719,548 per $1 billion in sales, a 2% increase from last year and the fifth year in a row that the figure topped the $700,000 mark.
Hackers Target Vaccine Chain
Logistics providers and other cold supply chain participants received government warnings in early December that hackers were targeting the Covid 19 vaccine distributionof the Pfizer product, just as it was beginning to be given to front line medical workers throughout the country.
This was different from the revelations that surfaced two weeks later in the news media concerning a massive cyberattack perpetrated on the computer systems of ...
OSHA Moves On Ventilation
The Occupational Safety and Health Administration has issued an alert for employers about how to help safeguard workplaces against the spread of Covid 19 by improving ventilation.
Ensuring adequate ventilation exists throughout the work environment can help protect your employees, according to the federal agency.
IRE Seen Doing Less Well in 2021
Moody’s Analytics forecasts that industrial real estate will begin to suffer this year as the economy continues to struggle with the pandemic-driven blows experienced since early 2020.
Also seen not doing well will be several of the other forms of commercial real estate impacted by Covid 19 – multi-family housing, office buildings and retail.
“The industrial sector has outperformed other real estate property types during the pandemic as demand remained strong,” noted Victor Calanog, head of CRE Economics at Moody’s Analytics. Read More >
Politics Drives Shoplifting Rise
It appears a wave ofpolitical change in this country is helping to drive a rise in shoplifting, according the the National Retail Federation’s annual survey of organized retail crime (ORC).
The survey found that 75% of loss prevention executives at a cross-section of large and mid-sized retail companies said ORC activity increased in the past year, up from 68% last year. Losses averaged $719,548 per $1 billion in sales, a 2% increase from last year and the fifth year in a row that the figure topped the $700,000 mark.
Trucking Costs Shrank in 2019
Before the pandemic took hold in 2020, trucking operational costs dropped in 2019, according to the American Transportation Research Institute.
The industry experienced a decline in freight shipments in 2019. That changed after the Covid 19 pandemic hit, the industry long considered the nation’s most vital transportation mode would face skyrocketing needs for distribution of food, medical supplies and other necessities.