Since the incredible disruption posed by the ongoing coronavirus pandemic, there has been increasing interest in the warehouse automation and sophisticated technologies that help secure and improve the manufacturing environment. In spite of this trend however, nearly 80% of warehouses currently feature no automation at all. In fact, last year there was a decline of 6% in the warehouse automation market. However, 2021 shows an almost 40% increase in market growth with that growth continuing into $37.6 billion by the year 2030.
Theft in retail stores and along the supply chain — from warehousing to distribution centers — is a real threat to bottom line profits across the board. In some areas, losses from these activities can extend to three percent of the turnover value of inventory in the warehouse. Fortunately, there are many ways to deter theft, including analyzing processes that could make your operation vulnerable to fraud; getting to the crux of IT vulnerabilities using control and surveillance systems; and even modeling potential security scenarios with an eye toward awareness.