New international entrants to the market such as US e-commerce giant Amazon.com and fast-fashion online retailers Shein and Temu have also intensified the competition for a greater share of online wallets.
Logistics trucks transporting goods in bulk and parcel delivery vans are spending an absolute fortune on security, including costs for hiring security to escort these vehicles on the road, Craig Pitchers, CEO of privately owned The Courier Guy said at an e-commerce conference in Johannesburg, adding that these kill our margins.
This is in addition to the cost of fuel, which has soared since the pandemic.
These vehicles are targets because they often carry valuable goods.
There are about 20-25 hijacks a day of delivery trucks and vans, Diederick Stopforth, commercial executive at SkyNet Worldwide Express added.
