FRAUD
Steering Clear of the Potholes
December 2010 | Vander Giordano, Sao Paulo & Allie Nichols, New York
Brazil has committed to billions of dollars worth of infrastructure investments in preparation for the 2014 World Cup and the 2016 Olympic Games. The opportunities for foreign suppliers, contractors and investors are considerable. So, too, are the risks of fraud.


Truck cargo costs on Mexican roads have spiked 40% in three years due to added insurance coverage, armed escorts and even GPS devices installed by trucking companies in efforts to thwart organized crime.
A recent market study conducted by InfoAmericas included telephone interviews with 50 manufacturing company executives in Mexico City, Monterrey, Guadalajara and San Luís Potosí (22% of them decision makers for logistic providers contracting) revealed that, in Mexico, the “top-of-mind” leaders for transportation and warehousing companies are FedEx, followed by DHL and K+N tied for second, and UPS in third place. Respondents mentioned DHL most frequently as a second alternative, followed by FedEx and the duo K+N & UPS