Pharmaceutical Industry Cargo Thefts Decreasing

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Pharmaceutical Industry Cargo Thefts Decreasing

Pharmaceutical Industry Cargo Thefts Decreasing

Cargo thefts are certainly nothing new to the pharmaceutical industry, however recent reports indicate the number of thefts from warehouses and tractor-trailers has been on the decline in recent years; good news for the pharma industry.

 
According to an article at Packaging World, the WHO (World Health Organization) estimated that about 1% of medications available in the developed world are thought to be fraudulent or fake.  This essentially means that, of the 4.75 billion prescriptions written in our country in 2016, 4.75 million were for counterfeit medicines.  While it's been big business, it seems the business of cargo theft is decreasing for a number of reasons, one being that pharma and medical device manufacturers are taking revolutionary steps to secure their products.  
 
47 large-scale pharmaceutical cargo thefts occurred in 2009, compared to less than 15 last year.  This decline can be attributed not only to the efforts of manufacturers in pharma and medical devices, but also to an increase in shared intelligence and concentrated educational efforts including conferences and seminars addressing the problem of cargo theft.  
 
The FDA has information listed about cargo thefts involving pharmaceuticals, medical devices, and other products on their website for further information.  Additionally, Charles Forsaith, Chairman of the PCSC (Pharmaceutical Cargo Security Coalition), recommends that those interested in learning more about cargo theft prevention attend a PCSC seminar, or attend one offered by the National Cargo Theft Task Force or Transported Asset Protection Association.  
 
It's easy to understand the motives of counterfeiters and thieves when it comes to cargo theft of pharmaceuticals - money.  Considering a $300,000 return for every $1,000 invested in counterfeiting, cargo theft has been a very big business indeed.  Hopefully the increased efforts by manufacturers and security agencies will help to continue the downward trend in cargo theft.
 
Markem-Imaje provides exceptional pharmaceutical coding and marking solutions for a wide array of substrates and market needs.  Product safety and counterfeiting are huge concerns for pharma; we provide reliable, cost-effective solutions.

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