Page 5 - Logistics News - September October 2023
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WAREH O US IN G
Facility thefts saw a 98 percent increase in theft rate inventory levels are shrinking suspiciously until months
and a 266 percent increase in theft value. Warehouse down the line – by which time you’ll be hemorrhaging
locations remained the most commonplace for cash.
cargo theft. Holiday weekends saw a 40 percent
increase in cargo theft cases, probably due to large Look out for the following red flags that could
shipments in anticipation of holiday sales,” reports indicate warehouse theft:
LPM Insider. • Your stock levels don’t match your sales records.
• Sales seem to dip on days when particular staff are on
The best way to identify theft in your warehouse duty.
is to conduct regular stock takes. The more accurate • Staff rumours suggest theft is taking place.
your inventory data, the faster you’ll pick up on theft. • Certain team members avoid taking their annual leave.
Without regular stock takes, you may not even notice that • Important documentation (such as invoices) is missing
www .l o g ist i csn e w s .c o .z a SEP T E MB E R/O CT O B E R 2023 3
