CargoNet and SC-Integrity (LoJack SCI) have joined forces to provide an integrated supply chain security risk and performance analysis service through a data collection and analytics platform.
CargoNet is a division of Verisk Crime Analytics, a Verisk Analytics company. SC-integrity, Inc., is a subsidiary of LoJack Corp.
By working together, CargoNet and LoJack SCI, which also provides telematics services, will consolidate and standardize cargo theft reporting in North America, a critical step in improving supply chain security. Both companies independently collect and disseminate information to customers now.
Ultimately, customers will gain new capabilities to predict, analyze, visualize, and mitigate supply chain security risk, as well as improve goods movement performance, the companies said. As part of this process, the organizations will integrate the CargoNet and Supply Chain Information Sharing and Analysis Center (SC-ISAC) cargo theft database operations. The combination will streamline data collection and analysis, increase support to customers of CargoNet and LoJack SCI, and improve data collection and sharing between the industry and law enforcement.
LoJack SCI operates the SC-ISAC, which was created in 2005 as a result of Presidential Decision Directive/NSC 63 in 1998 and updated in 2003 with Homeland Security Presidential Directive/HSPD-7 to protect critical supply infrastructure. CargoNet, launched in 2010, provides supply chain crime data collection, analytics, and secure sharing in North America through the support of insurers, logistics companies, shippers, industry organizations, and law enforcement.
“Through this alliance, we will help the supply chain sector take a significant step forward in regard to integrated data, analytics, and theft prevention,” said Ted Wlazlowski, CEO of SC-integrity, Inc. “Together, LoJack SCI and CargoNet will be able to better define our missions for the SC-ISAC, to address a wider set of supply chain factors for homeland security, and, for CargoNet, to support cargo theft prevention and recovery through data analytics. Senior members of government and industry will help us accomplish these missions through the creation of an SC-ISAC advisory board.”
“Supply chain crime data is an important component of helping our customers predict and monitor a variety of risks in their supply chains,” said David Shillingford, president of Verisk Crime Analytics. “The consolidation of cargo theft reporting takes us a step further in this mission. This alliance provides an opportunity to integrate risk analytics with telematics systems. It also offers an exciting glimpse into the future of supply chain risk management.”