The SoBran team authored “In the Public Interest”, appearing in Security Management, a publication of ASIS International:
Global shrink costs retailers at least $119 billion a year, and that number continues to grow due to shoplifters and dishonest employees, according to the most recent Global Retail Theft Barometer report. This issue isn’t just confined to the retail industry, though; municipalities with warehouses that service water, sanitation, school, police, fire, and transportation services are losing millions of dollars each year to inventory theft, often at the hands of employees within their own logistics operations.
Municipal facilities typically are not as well supported by the state-of-the-art physical security technologies and advanced inventory and property management systems used by for-profit businesses. Municipalities face numerous issues that compete for a limited budget, and city warehouses and logistics operations are often assumed by city leadership to be running smoothly and don’t receive the security funding they may need.