With disruptions causing over $4 trillion dollars in profit loss according to Reuters, supply chain challenges continue to affect retailers, manufacturers, and other logistics companies alike. Strategic partnerships and collaboration are needed to ensure the maximum safety & efficiency during these demanding times.
As of January 10th, 2022, the LPRC and ISCPO have drawn up a partnership in the spirit of collaboration to cultivate a Supply Chain Community for both organization’s members and the overall supply chain industry.
The Loss Prevention Research Council (LPRC), a twenty-two-year-old industry leading research organization that collaborates with over 70 retail member organizations, 80 protective solution companies, law enforcement, industry partners, and academic leaders, for the goal of providing evidence-based solutions addressing loss, safety, and fraud prevention, and the International Supply Chain Protection Organization (ISCPO), a non-profit professional association that connects members from a wide array of sectors across the global supply chain including retail, wholesale, eCommerce, manufacturing, insurance, risk management/legal, distribution, operations, and logistics, as well as, law enforcement and government agencies, established to promote collaborative efforts of networking, benchmarking and resource development for security and asset protection professionals across the global supply chain, have decided to enter into a partnership to maximize the value of both organizations and the industry at large.
Both the LPRC and ISCPO each bring tremendous value to this new endeavor. With natural disasters, workplace violence, and many other supply chain logistical issues at the forefront of industry concerns; the LPRC/ISCPO partnership is ready to combat these issues by mobilizing their communities to identify, research, and address these acute and chronic issues. Now with a joint Supply Chain Protection Working Group, industry leaders and solution providers, will continue to have monthly engagements to help work through a variety of industry issues, and come together to research specific concerns and solutions.
The LPRC and the ISCPO are both proud and excited to enter this partnership and to embark on a journey to bring mitigation strategies, problem solving solutions & research to the supply chain industry as a whole.