Safeguarding your fleet during economic downturns

In this blog, we'll address a crucial concern that arises during economic downturns: the increased risk of theft. As businesses face challenging times, safeguarding your fleet and assets becomes more important than ever.

Anna Edwards

The Office for National Statistics (ONS) shows that just over 72,000 vehicles of all types were reported stolen in the 12-month period to September 2022. They also pointed to a 14 per cent rise in vehicle crime of all types - including theft of items from inside cars and vans - with 391,613 cases over the course of last year.

As the cost-of-living crisis grows, more people are tempted into criminal activities to make ends meet with car crime near the top of illegal activity. During economic downturns, theft rates tend to rise, posing significant risks to businesses operating fleets of vehicles, plant machinery, and valuable assets. It's crucial for Fleet Managers to be extra vigilant and take proactive measures to mitigate these risks.

So, how can you safeguard your fleet during economic downturn?

  • Strengthen security measures: Evaluate your existing security protocols and make necessary improvements. Install robust security systems, such as geofencing, alarms, immobilisers, and tracking devices, to deter theft and increase the chances of recovering stolen assets.

  • Enhance physical security: Ensure that your fleet parking and storage areas are well-secured. with access control such as gated entry, CCTV surveillance, and well-lit premises. Regularly assess the security of your facilities and address any vulnerabilities promptly.

  • Implement asset tracking: Utilise advanced asset tracking technologies to monitor the location and movements of your vehicles and assets in real time. GPS tracking systems can provide invaluable insights and enable prompt recovery in the event of theft.

  • Conduct risk assessments: Regularly assess the potential risks and vulnerabilities within your fleet operations. It’s important to identify high-risk areas or routes and implement appropriate security measures. Train your drivers and employees on security protocols and raise awareness about the importance of theft prevention.

At ABAX, we understand the necessity of theft prevention during economic downturns. Our comprehensive fleet management solutions include advanced tracking and monitoring capabilities to help you safeguard your assets and mitigate risks.

By utilising our Smart Mobility technology, you can gain real-time visibility into your fleet, deter theft, and respond swiftly to any security incidents.

Reach out to our team for training on how our software can be implemented to protect your business assets.  

Our team are on hand to help your business' unique tracking requirements.

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