Barry Brandman, President of Danbee Investigations, is one of the country’s top business security experts and author of “The Executive’s Guide to Business Security.” He is also a consultant for the U.S. Department of Homeland Security, Customs and Border Protection, and presented at the WERC Annual Conference for Logistics Professionals in Columbus, OH last week on protecting the supply chain from sabotage, theft or terrorism. Brandman said that “theft is economic cancer,” and that by the time theft is discovered, its often too late - resulting in bankruptcy for the company.
Brandman discussed why theft-related loss is getting worse, and said that the value of the product plus a low risk factor, lax security and an inadequate criminal justice system equals high gain, low risk. Plus, says Brandman, the internet combined with small parcel delivery service make it easy to distribute stolen goods. Thieves – often internal - who work together can result in significant loss to the company.
