Disorder that dont owe money to the lot as an everyday part of the Retail Business and usually budgeted for. But when sales are suffering, if it comes on sustainable for businesses to keep the doors open, if theyre now experiencing higher and higher rates of theft, the new tailors have been battling unprecedented losses were on average. They saw a 27 percent increase in organized retail crime incidents in 2021. Beyond that 8. 10 retailers also reported that violence and aggression were associated in the incidents. Im christy, and youre watching the cost of everything were today. Were going to be looking at the costs assessed and how these costs are eventually passed down to you. The fees target is we can see a little removable valuable disposable items. And the top categories of items that are being stolen in the us include apparel, electronics, health, and beauty accessories, footwear, and e. 6. Retailers from walgreens to walmart has said that theyll be forced to raise prices or shutter effect of stores if Law Enforcement does not crack down on theft. Target has said it last over 400000000. 00 in 2020 to do 2 stuffed alone. And then america stolen merchandise cost retail is 94000000000. 20 which is up from 90000000000. 00 a year before a survey showed that 37 percent of retailer frank is due to external theft, followed by employee or internal sept. A 28. 5 percent. And then process or control failures, a 25 percent to recently a group of 14 individuals barge into a leave, a ton of illinois where customers were ill still inside and then drove away with over a 100000 dollars worth of merchandise that same month, a group of 18, broke into a nordstrom in los angeles with a sledge hammer and made off with several thousands of dollars and merchandise. And on top of this online marketplace is like amazon, craigslist, ebay facebook marketplace. They have in large the market for stolen goods, criminal rings, recruit people to steal from stores and exchange for drugs or small payment. These boosters may steal from multiple Stores Across state lines. And right now, this type of crime pays very well to the boosters and the people orchestrating it. Cities like San Francisco and new york city are epa centers of theft as shop lifting. Complaints has surpassed pre pandemic levels for the last 2 years. In San Francisco executives point to the 2014 ballot that we classified non violent test as misdemeanors for goods valued a less than 950. 00 in new york. Some of the uptake had been tied to the 2019 bail reform that encourages judges to use the least restrictive means to compel people to return to court. And while loss is budgeted for store owners do not simply absorb these costs. The cost of shoplifting is usually passed on to the consumer in the form of higher prices. When someone shop lifts a retail item, the store must recover the entire cost of the item rather than the stores profit margin on the last inventory. The amount of store must recover depends on its profit margin and the cost of the shop left an item. So for example, Grocery Stores commonly operate on a one percent profit margin. That means a Grocery Store must recover a 100. 00 for every 1. 00 worth of shop lifted inventory. And for every 330. 00 worth of products stolen, the retailer has to sell an ink from metal 300000. 00 worth of goods in order to break even. Besides analytics show that harsher penalties do very little to prevent crime even if there is a severe punishments like a potential felony in which you will spend a year in prison. It is not an effective deterrent. Instead, people are much more likely to respond if they feel theres a high likelihood of getting caught and swiftly punished. And for more on the cost of staff will bring in. Janelle alverado, retail expert and consultants. Searching out how does the prevalence of stuffed and shoplifting in the us compared to other parts of the world . Yeah, well right now the retail crime rates are a hot topic. We are seeing a search in the us. Specifically. Canada is also experiencing an uptick, but not as much as we see it more prevalent in the us. So the, those are some of the things that we have noticed thats going on in the, are a lot of different avenues that the government, both canadian and then also on the president ial side where theyre trying to figure out how can they help retailers. And how could they assist in preventing the retail staff . Because at this point, its something that retailers are unable to do on their own. They need some outside help to help address because this is becoming, you know, a continually 1000000000 dollar retail stacked heis that are also happening as well. Crime rings that are help happening. And then with the prevailing of online retail, that has to be more intervention is needed to help assist with decreasing the rates that are searching. And now what are some of the factors that contribute to higher stuff rates in certain regions or countries . Yeah, when it comes to europe, theyre also experiencing issues with retail crime. Were seeing it is still us is definitely number one. The 2nd one would definitely be the u. K. And then canada is behind that. So a lot of the economy issues, when it comes to jobs, theres been job losses due to the cobit pandemic. There are people are also struggling to find jobs that otherwise used to exist with the rise of a i, a and different kind of Artificial Intelligence that is being used in retail to make it harder for people with lower incomes to grab the jobs. But otherwise were available, so were seeing a lot more Self Checkout rolling. Now were seeing a lot more tech taking over a lot of those on entry level jobs, which is also making it harder for the economy to kind of get back to how it was. So things are really slow, theres a slow growth when it comes to people being able to purchase as much as they could before. So were seeing people world wide are starting to struggle with even getting those Bare Necessities that they need in their household. And how does that impact businesses financially and what are some effective strategies for Loss Prevention . So yeah, what is the main issue that were seeing is um, especially in the us is retail crime rings. So these are the big, orchestrated crime units of people who are in the business of dealing. So whether that is from warehouse is even from the truck. So it really has a whole logistical side to it. So its not just in the stores, it is across the supply chain. So one of the ways that retailers can help with the Loss Prevention is just to make sure that they are having not only cameras with in the stores, but also they need to be monitoring the people who are in charge of the logistics. So the drivers, people who are bringing the merchandise, theres been major cases where big retailers and big brands, such as nike and others, they found trucks load of merchandise, 100000. 00 of merchandise stashed away in warehouses. So one of the main things is to always consider that there is a whole chain of areas. Another big concern happening is the development of omni channel. How are we connecting the physical stores with the online store . Right . So there are other things that in online you have to deal with when it comes to Loss Prevention. That could be credit cards, stepped right, fraud, a different kind of ways that people are stealing and buying goods. Weve also seen this recently in the news. Theres a couple stories that are out talking about employees who are actually utilizing these credit card schemes, wellbeing, and employee, and stealing from the online portion of their website for the company they work with. So Loss Prevention needs to go from all all cycle of retail chain to really prevented moving forward. How does that affect the overall economy . Yeah, overall it makes it, you know, the cost always gets put back onto the consumer. So, you know, um someone stealing product and leads to lower inventory of the product in the Retail Stores, they carry a lot of brands. They also have their own, you know, private label brands. But it is the brands who product is being sold. Who will have to take, you know, take that bullet. So those brands then, if a lot of their product continues being stolen, you know, the retailer doesnt cover that extra or the other brands that have to cover those, that loss. They make up their price or they might stop stocking the products theyre altogether. And if this issue continues with multiple brands, then they may look at the retailer, itd be like, hey, you need to figure something out because its not just our product multiple products. And thats where were actually seeing retailers leave certain areas. So quite a few retailers have left San Francisco in california due to the crime rates, the growing job. You know, of the loss of so many jobs that theres higher unemployment. So theres so many things that the retailer can only do so much. And if they dont have enough assistance, they just leave because theyre not only hearing it from customers who maybe dont want to see product locked up. Theyre also getting it from the brands who are wondering why do we have to keep covering the cost of loss merchandise. So its coming on all angles for the retailers engine. Now can you discuss any significant differences in stuff, patterns or trends between brick and Mortar Retail stores and online retailers . Yeah, i would say some of the growing trends happening. Well, i would say when it comes to the brick and mortar, a lot of the larger retailers that we would consider more big box or known for having big uh, uh, Square Footage footprints also, we call them anchor store. So you can think about like bizarre uh, or the h and um, the bestbuy. All of those stores are trying to figure out new ways to create smaller concepts. So thats something thats new thats happening. So they may be closing down some stores, but they will be re positioning those stores elsewhere into smaller formats. So its almost though the ones that are surviving as retailers and maybe closing down their opening. Im still at a good rate, but its a different type of format. Theyre trying to cater to the younger generation, the gen, the, the millennials, the people who maybe rather go in just for the experience of going in and maybe some sort of a bad. Maybe theres influencers, maybe theres a Product Launch that, you know, theres only a few items in a, b to line up for, but not necessarily a place where people will come to read and browse for hours anymore. So thats some changes were seeing for the brick and mortar. On the online side, we are seeing a lot more marketplace is become, you know, at the forefront. People still prefer to buy for a marketplace is because theyre more trustworthy. We do talk about retail staffed, but then theres also a lot of online scams on the other sites. Its not just the consumer. Sometimes there are, you know, sellers out there who are trying to make quick money and then close down their store. That its also been something ive seen on the consumer side. They might order products and they go in and the website is called the next day, and they are out of their money. So were seeing a lot people trust marketplace is were seeing more curated. So if we think about amazon, push mark, all those type of, you know, where you can go with, if you can, the seller and the be, have the readings and stars. Were seeing people right now, put their money in more trustworthy places. Then just, you know, the one off store because there just been so many stories where if you dont have enough information on it, it may not be a credible business to buy from. And thank you so much to now, alvarado, for all of your time today. And when we come back, lets see what shoplifting is like, in other countries, the amber, one of the great histories and the treasures of the world. And one of the largest of the positive stuff is white here in the baltic sea. So we are in the clinic, red region, trying to word all the we can about this smoking goals the russian states never as one of the most sense community invest in most all sense and up the, in the 65 to 5 must be the one else holes question about this, even though we will then in the european union, the kremlin. Yep. Mission, the state on russia to day and split the r t smooth neck, even our video agency, roughly all the band on youtube, the Payment Services for the question, did you say a request for check the close afraid of robert f. Kennedy junior . Well, apparently everyone in the political establishment and Mainstream Media is very much like donald trump. He says what he thinks liberal priorities be dead for a junior is fear, because hes fearless. Shoplifting is much worse in britain than in europe as a result of grocery price. Inflation hitting record highs, making it more and more difficult for consumers to afford the mere basics in the u. K. Incidents of shoplifting have increased 18 percent in 2022, costing the british on the 660000000 pounds stores that use anti theft devices on pricey items have now shifted to protect unlikely items like butter cheese detergent and even protein bars. Criminal seek low risk, high reward targets in the u. K, which include high profile food robberies where cargo and delivery trucks are being targeted. These items can be sold at bigger margins and the alternative markets and are harder to chase because theyre consumed quickly. One incident involved demand using a power tool to break in and steal 200000. 00 cadbury cream, ex, food and drink. Now make up 70 percent of cargo tests in 2022 in the u. K. Out of the over 5000 freight crime in the country, especially at the time when ports are congested. Goods can be left up to pile in, unsecure locations. A soft from a warehouse or port that is experiencing overflow becomes much easier to pull off. There are hitting costs through these steps, which include insurance, company cost policing, retail values that can be anywhere between 4. 00 and 9. 00 times the value, last brand and reputational damage, damage to trucks and holding companies, etc. In total, it is about 700000000. 00 pounds per year just from cargo crime. When 10 years ago, it was only 250000000 pounds. In south africa, the acute Energy Crisis has affected all aspects of society and contributed to a huge escalation and the level of criminal activity and theft. The power cuts added to a significant increase in all robbery categories, especially property, crime, and welfare areas. As criminals take advantage of the fact that many homes and Business Security systems are compromised, these robberies tend to be more prevalent in poor urban areas in the country where a residence cannot afford to install security systems. Copper is now the new gold, and anywhere it can be found is fair plunder. The sale and export of scrap copper is carefully controlled by south african officials. But because copper is the world, 3rd most use metal and once melted down, its origins becomes virtually untraceable. Prices have reached a high of almost 9000. 00 a ton on International Markets in 2023, making copper stuffed, a lucrative pay to. These games Work Together to hack down telephone poles, dig up underground cables, hit train stations and industrial warehouses to rip out more than a 1000 kilometers of overhead cable at a time. The cost of crime as high as not only does it directly impact businesses, but it also impacts the whole society as well as basic infrastructure like Telecommunications Companies and industrial warehouses go offline from these attacks. Meanwhile in japan, stuffed and robberies have an incidence of only 1. 00 per 100000 people, which is a tiny figure compared to france at 43. 00. Germany at 43. 2 and the high 278 in the us. A shop lifting in japan is one of the most commonly seen crimes in japan and is punishable as best buy up to 10 Years Imprisonment or a fine of up to 5000. 00 us dollars. Interestingly enough, while the us criminals target electronics and luxury brand names, the u. K. Targets food in japan, one of the biggest burglaries in was over poke among cards in tokyo. There had been 5 burglary cases targeting trading cars and 2022. Were poking me on and other collectible cards were stolen from several stores for a total of approximately 8500000. 00 yen. As a 2nd hand car gain marketplace skyrocketed. And for the applicant perspective, we turn to clinton is all on kenya. He is an International Relations analyst. So clinton, for many westerners, the image remains that in kenya and africa in general, depth and muggings are very common police. The district seem to bear this out. But do you think that its a Fair Assessment . I dont, i think festival, i mean its important to note that after grades 54 countries on some of these countries, the different dynamics. So in these countries what 7 countries, what i should see to where that wed see the typical country like maybe south africa, nigeria and the like over the city where the meat of people. So jen, that may be yeah, introduce is of crime and the like. Im going to be higher. But in most parts of africa, away from deluxe, the, to kindly to do that, to lean on more instead of parts. Its almost that you dont see a Violent Crime is non existent. So i think that assessment event for you. I dont think that most african cities are any more dangerous competitive get to see people the same size, you know, the parts of the world. So, well, i can see that it depends on where one is in this big city. Are they smart city, or they need ro, an. So those are the dynamics that have play, which i believe that you credit the same day. That means most parts of the world cause i believe, to say, why dont happen if somebody a new york and the dont mean youre in downtown, maybe land, i know probably your most like to be more exposed to crime. Then if youre in the real part of the same country or in a small town. So these are the same things thats happening. I forgot how common is stuffed in kenya, an applicant nations. And is it fair to generalize . No, not too much. Not much. So i think 5th of home to the 9 exceptional situation where i dont think itd be possible for anyone to try to do from what i say to which i dont shut the month. Where most of the Retail Stores located is ready to close all of the in the past. That is a tax on that targeted shopping was so that quote, for the pickup security. So for you to get into a shopping mall, you can yeah. You go through say truth, which is almost the same as at the airport. You will have to be to go through a metal detector, your pads have to be scanned. So on most of the 2nd most, not maybe the maximum of lights. Yeah, for exists, which i mind by security guys. Like i said, you put these as i mentioned that you go through. So do you try to becomes very happy for one to just do for like i said after to have different but instead of parts of the country . Yeah. Oh the continent the conditions are different. So yes, it is a map. People are trying to do from self, whatever they do it by the main isolated incidents is most of these that the big stores will probably record a maximum of maybe 10 to 50. So hes not like a very widespread thing. And how do people take safety into their own hands and defend their property of valuables and can yeah, yeah. So i would say, well therefore this, they do the best. But then they also sprint in what state and cases and certain kinds of and like i said, full size of the country by country. So you find that they do not have adequate resources. So for instance, youd call the police and maybe a ton of 100000 people will have like the Police Station theyll have like 4 big ones. So it means youve got a big was already engaged. That what it is funny to settings, it is each my ticket well for the police to respond to new york, if not because they dont want to do that job or the electricity by simply because they mix it into such as to be able to this point quickly and efficiently, those resources incentive cases that ive seen. So i say thats why dont be, you know, one of the causes of maybe the Law Enforcement in africa being a beach, as slope and give you like the differences. Because you find that access to resources is too limited in many places. Thank you. Clinton is all for all your time today. We tailors are implementing many strategies to red loss and mitigate risk such as hiring extra security stuff, installing security cameras, and investing in costly ref, id systems. These are a 5, these can be utilized in many ways, not just beeping. If you exit the store without removing the tag, but it can also help to manage and track inventory in the supply chain and locate stolen products for these intelligent space loss. Prevention systems are costly, extra security personnel and surveillance equipment are typically also passed down to the consumers in order to offset these expenses. So while the stores are be the losers being robbed at the end of the day, that cost will be ultimately absorbed by you. The ultimate loser of this, so it is true in this case that one bad apple will totally spoil the bunch for everyone else and creates a much less fun shopping environment where everything is behind security tags and cages. Im christy. I thanks for watching and well see you right back here next time on the cost of everything. The the, the gym. And so just deal with the, with the one with taking the picture. They were proud of the muscle. But are you ready to leave to go in your mouth because i didnt recommend your opinion or no, but he got ready with or i. So it was you like you on google more gained with and then almost a week ago, and then well get to under the, under the general say to us, love to the screen. But this, this indeed reality last has never been to the did you purchase a im tied to the police. Yeah. Goodness, thats hard to time prize. Size. And how are you to do this to yourself if its just x, thats a secret v. As in, actually this is a very vote decision by the gym and government to even stop because he is when the agreement was reached, gena, they did more divisions and more and got more questions. And more of those kind of the out is using to pay us what they are giving us is go to the pollution countries and now we have not been supportive calls. What has been happening here . It will open the ponder as box the next thing it will be them. Both then also have to pay the we have this to boom on tenderness in the united states. Weve exported it now to the world because of multinational corporations and weve damaged the belief that babies needs be nurtured in care for love. And, and so youve got a whole bunch of traumatized people all over the world. The post Traumatic Stress disorder that dont know how to keel the mostly through their equations, the rush it said, call the middle to most and you have to feel for the accident. What are the kind of your school to a little bush where you have to go over, you know, fixing the sleep called forgetting them . Yes. Dont come into the thing. What does it mean is it starts close to enough to lift the hobbies people, moaning the stucco soonest. Probably part of the need to mount. Im sure. Do you want us to mass or disagree now . Yes. Good canada. Because august. Yeah. Bush, thats good. Im let me we the dentist is a lot a 42 point my of those of us but i thought of body boy, new basel. Id have to call him just lama for a buick. Nobody at the end of june 30th. Thats what, but it was wayne plum. Sheila suddenly like set about 2 hours that seemed pretty into it till evident continental the the hello and welcome to cross stock where all things are considered. Im peter a little most afraid of robert f. Kennedy junior. Well, apparently everyone in the political establishment and Mainstream Media very much like donald trump. He says, what do you think . Liberal pious, hes be damned for. Okay, junior is fear because hes fearless the