Archive for theft

Guest Commentary: Is a Direct-to-Store Delivery Model Right for You?

Speed is the name of the game in today’s retail landscape. How quickly products are purchased from store shelves depends on various factors, including consumer preference, special promotions, and brand recognition, just to name a few. The trick to gaining speed and increasing your inventory turns is to ensure you have a successful and cost-efficient replenishment system. Over the last few years, many consumer goods manufacturers have been increasingly using a Direct-to-Store delivery model as […]

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$75 Million in Drugs Stolen from Eli Lilly Warehouse

Last month, antidepressants worth $75 million were stolen from an Eli Lilly warehouse in Enfield, Connecticut. According to an article in the Spokesman-Review, “the thieves cut a hole in the roof, lowered themselves into the building on ropes, disabled the alarm system and stole enough drugs to fill a tractor-trailer. The stolen pharmaceuticals included the best-selling antidepressants Prozac and Cymbalta.” Last August, a GlaxoSmithKline warehouse was victimized in Richmond, Virginia. Two lots awaiting distribution to […]

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Retail Theft at Record Levels, Supply Chains Adversely Affected

Shoplifting is at record levels ($115 billion from July 2008-June 2009) and this is causing supply chain problems, not only for the retailers, but also for consumer goods manufacturers.    The Centre for Retail Research (CRR) published its annual Global Retail Theft Barometer report on November 10th. CRR interviewed 1,069 large retailers with total revenue of $822 billion. A summary of the report is available at here.  Here are some of the key points: The […]

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