Equipment theft is rarely just the cost of replacing what has gone missing for fleet owners.
In fact, new research has found that 71% of UK fleets experience equipment theft every single quarter, with almost 25% of new equipment budget being allocated to replacing lost or stolen items.
For fleets, the wider operational impact may be even more damaging.
Missing vehicles, tools, sensors and specialist parts can leave drivers unable to work, delay projects, create the need for emergency rentals and leave employees spending valuable time searching for equipment.
In fact, 71% of organisations surveyed had experienced a significant shutdown or delay because of a missing asset during the past 12 months.
CLICK HERE to read the full story on how equipment theft is having a significant impact on fleets
It’s not only high-value equipment causing disruption, with almost three-quarters of reported losses involved assets worth less than £7,400, which means it’s the everyday tools and equipment that are being targeted.
How quickly would you know that a vehicle or piece of equipment was missing? And can you identify who last used it and where it was left?
Vehicle and asset theft cannot always be prevented. However, stronger visibility, clear responsibilities and faster reporting can significantly reduce the operational and financial damage when something does go missing.
While keeping safe on the road is one thing, ensuring you have full visibility of your fleet at all times is even more essential, which is where Fleet Monitor and Telematics Monitor come into play.
