Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Thruvision Group plc
  6. News
  7. Summary
    DGB   GB00B627R876


Delayed Quote. Delayed London Stock Exchange - 10/15 11:35:15 am
20.5 GBX   --.--%
10/07FTSE 100 Closes Up on Overnight US Recovery
10/07FTSE Rises, Pound Seen Supported by Bets BOE Will Tighten Before ECB
10/07FTSE 100 Rises as Miners, Mondi Gain
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Thruvision : How COVID-19 has changed security operations within distribution centres today

09/15/2020 | 11:15am EDT
How COVID-19 has changed security operations within distribution centres today
As we continue to navigate the many challenges associated with the COVID-19 pandemic, it's essential to ensure that our employees are safe and our profits protected. We asked loss prevention expert and former Head of Loss Prevention at Next plc, Colin Culleton, for his thoughts on how the pandemic has changed security operations within distribution centres and how we overcome these new challenges. Q: How do you think COVID-19 has changed security operations within distribution centres today?

A: For even the most effective distribution centre security operations, as a result of COVID-19, there will have been some level of compromise in normal controls. Some will be mandatory requirements and some will be business specific, but they will definitely have increased the opportunities for staff theft.

Security teams have also fulfilled more of a health and safety role during the last few months and many will be more engaged with the core business operations than they may previously have been.

Q: What do you see as the 3 main security challenges for distribution centres right now?

A: Firstly, managing the transition back to an effective security function. With many of the essential but unpopular control measures being reintroduced - access control, electronic gates, and the essential search procedures all being reinstated.

Secondly, reintroducing effective staff searching whilst ensuring staff safety. Even with reduced social distancing guidelines, distribution centre staff are not going to be comfortable with physical searching.

Thirdly, will be re-evaluating what the hot products are from a staff theft risk perspective. The pandemic may have changed the need and desire for certain products, so desirable, luxury and branded products may have been replaced with more essential commodity items.

Q:How should loss prevention managers be adapting security operations to overcome these challenges?

A: These will differ across different businesses, but my recommendations for loss prevention managers would be:

Firstly, relaunch or reinvigorate confidential hotlines. All staff will be worried about business sustainability and job losses and may be more inclined to report theft by colleagues.

When thinking about investment in technology, plan for the long term and prioritise solutions that will deliver sustainable benefits. Also, consider what will be critical if similar circumstances happen.

Thirdly, and really important from my perspective, is the need to invest in safe distance people screening technology that will remove all physical contact in staff search procedures.

Q: Whilst you don't have a crystal ball, what possible challenges do you foresee in the future?

A: The biggest challenge will be for loss prevention departments to transition from the different approach they have had to adopt during this pandemic. They have had to increase their 'soft skills' considerably, and support work practises that have the warehouse operatives safety and welfare at the centre. This doesn't fit naturally with the control environment they are normally required to implement. Therefore, a return to essential security processes will be required, but the empathy, speed and communication of this will be critical to success.

Q: How important is technology in the security environment?

A: Technology is not only critical to the performance of modern loss prevention functions, but is essential to the job satisfaction, development and retention of good loss prevention staff.

For many years, there's been significant investment in warehouse and distribution technology; from automation in fulfilment, IT systems and transportation, while loss prevention was often underfunded.

Forward thinking businesses looking to get a greater return from their loss prevention staff are recognising that investment in CCTV, incident reporting via smartphones and most importantly, safe distance people screening, all help to improve the performance of their loss prevention teams.

Click here for more information about how Thruvision safe distance people screening technology can help distribution centres to safely and effectively reduce staff theft.

Colin Culleton is former Head of Loss Prevention at Next Plc and Risk Management and Loss Prevention Consultant. Read more about Colin here.


Thruvision Group plc published this content on 20 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 15:14:04 UTC

ę Publicnow 2020
10/07FTSE 100 Closes Up on Overnight US Recovery
10/07FTSE Rises, Pound Seen Supported by Bets BOE Will Tighten Before ECB
10/07FTSE 100 Rises as Miners, Mondi Gain
10/07Thruvision Group plc Provides Earning Guidance for the Six Months Ended 30 September 20..
07/12Thruvision Group plc Announces Consolidated Earnings Results for the Year Ended March 3..
04/01Thruvision Group plc Provides Revenue Guidance for the Fiscal Year 2021
02/24Thruvision Group plc Announces Board Changes
2020THRUVISION : Interim Results FY21 – Investor presentation
2020Thruvision Group plc Announces Unaudited Consolidated Earnings Results for the Six Mont..
2020Thruvision Group plc Announces Revenue Results for the Six Months Ended 30 September 20..
More news
Sales 2021 6,70 M 9,21 M 9,21 M
Net income 2021 -2,49 M -3,42 M -3,42 M
Net cash 2021 6,94 M 9,55 M 9,55 M
P/E ratio 2021 -13,7x
Yield 2021 -
Capitalization 29,9 M 41,1 M 41,1 M
EV / Sales 2020 1,64x
EV / Sales 2021 4,08x
Nbr of Employees 42
Free-Float 85,2%
Duration : Period :
Thruvision Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THRUVISION GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,21 
Average target price
Spread / Average Target -
Managers and Directors
Colin Michael Evans Managing Director & Executive Director
Adrian Graham Crockett Director & Finance Director
Thomas Joseph Black Executive Chairman
Richard John Amos Non-Executive Director
John Andrew Woollhead Secretary
Sector and Competitors