Retail expert warns rise in crime could 'catalyze the next recession'

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Retail expert warns rise in crime could 'catalyze the next recession'
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Strategic Resource Group managing director Burt Flickinger argued that rising retail crime “is going to compromise the supply chain, crush the economy and catalyze the next recession.”

County over the past year. The company estimates more than 90 packages are compromised per day.

"In several months during that period, the increase from the previous year surpassed 200%. In October 2021 alone, the increase was 356% over compared to October 2020," UP's state director of public affairs, Adrian Guerrero, noted. The thefts amounted to more than $5 million in damages to UP alone, which does not include damages to customers or consumers.

Los Angeles photojournalist John Schreiber shared footage of train tracks belonging to UP in the Lincoln Heights neighborhood of Los Angeles and described "looted packages as far as the eye can see," including "Amazon packages, UPS boxes, unused COVID tests, fishing lures, epi pens," he said in a tweet last Thursday.

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