In a heavily saturated supply chain that sees millions of tons of goods moving through various transportation channels every day, operational efficiency is critical. Short delays, minor errors, and small problems can lead to unhappy customers, missed shipments, and major losses.
For transportation, distribution, and logistics companies, operational efficiency is the name of the game. In an industry rife with competition and high operational costs, small gains in efficiency can add up to significant gains in savings.
The modern supply chain is quickly adopting various forms of technology to bolster the bottom line. One such technology that has transformed from a helpful addition to a must-have is GPS fleet tracking.
Challenges in Supply Chain Operations
Vehicle rates have risen since 2019, so it’s natural for you to be a bit worried about the security of your vehicle. Maybe you know someone who’s had their car stolen, or maybe you’ve even had it stolen yourself. If you’re concerned about motor vehicle theft, you should take some time to read this article and go over the data.
In August of this year, the FBI released its Motor Vehicle Theft Report providing data from 2019-2023. You can access this data on their crime data explorer. This report details data related to motor vehicle thefts and carjacking trends.
Motor Vehicle Theft Statistics
The nationwide rate of motor vehicle theft increased from 199.4 incidents per 100,000 people to 283.5 incidents. However, rates in the midwest and west declined between 2022 and 2023, down 4.8 and 7.3, respectively. The FBI also reported a slight decline in carjackings, 7.5-6.6 from 2022 to 2023.
In the face of an increasingly expensive world, businesses need to do everything they can to support the bottom line. Companies that rely on fleets for their business are no exception. In fact, if you’re a fleet manager you know how difficult it’s become to manage costs in recent years.
To keep costs down and increase productivity, fleet managers turn towards quality GPS tracking devices.
GPS trackers can tackle a number of costs including:
- Maintenance and repairs
- Fuel costs
- Tires
- Accident costs
- And more
