Curtis Spencer of Bloodhound Tracking Device on the rise of cargo thefts; The impacts high fuel prices have on trucking; Effective supply chain planning

Our guest on this week's episode is Curtis Spencer, CEO of Bloodhound Tracking Device and also CEO of ISM Worldwide. We have been reporting for a couple of years now about the ongoing problem of cargo theft in our supply chains. But now we find that criminals are using artificial intelligence to make their fraudulent schemes even more believable than ever. Our guest talks with Group Editorial Director David Maloney about the problems of cargo theft and what shippers and carriers can do to secure their loads. The big story for supply chains this week continues to be the ongoing disruptions caused by the war with Iran and the closure once again of the Strait of Hormuz.  It seems that after nearly five months of back-and-forth airstrikes, things are not getting any better, with fuel prices on the rise once more. Those higher costs makes it more expensive for shippers to buy truckload, less-than-truckload, and parcel freight services. Senior News Editor Ben Ames has the breakdown of how higher prices are impacting costs for shippers using each of those modes.This week new research from advisory firm Gartner points to the growing demand for flexible supply chain network planning. The company found that 72% of the 151 supply chain leaders they surveyed have had to revisit final approvals for network investment decisions at least once—a process that contributes to delays and can drive up costs and decrease service levels in their supply chain operations. More than half also said they revisited those decisions three or more times, leading to lower satisfaction in the final outcome. Senior Editor Victoria Kickham share how the report breaks down the differences between two types of operational challenges: turbulence and disruption.Articles and resources mentioned in this episode:Bloodhound Tracking DeviceOil price shocks ripple through trucking shipping marketsResearch highlights the need for flexible supply chain network planningOcean freight early peak season pushes container rates higherVisit DC VelocityVisit Supply Chain XchangeSend feedback about this podcast to [email protected]