Australia, New Zealand Losing Billions in Theft Wave

The video discusses the escalating trend of retail theft, which has become a significant issue in major economies post-pandemic. It highlights a shift from electronics to perishable items being stolen, with organized crime and social factors playing a role. The rise of self-checkout and environmental changes have made theft easier. The economic context, including inflation and cost of living crises, exacerbates the problem, with implications for future trends.

What is the estimated annual cost of retail theft post-pandemic?

• 3 billion U.S. dollars

• 6 billion U.S. dollars

• 9 billion U.S. dollars

• 12 billion U.S. dollars

Which items have seen an increase in theft according to the transcript?

• Electronics

• Jewelry

• Clothing

• Perishable goods like meat

How has the rise of self-checkout systems impacted retail theft?

• It has no impact on theft

• It has made theft easier

• It has made theft more difficult

• It has decreased theft

What socio-economic factor is contributing to the rise in retail theft in New Zealand?

• Increase in wages

• Cost of living crisis

• Decrease in unemployment

• Decrease in inflation

What is a key issue in New Zealand ahead of the general elections?

• Education policy

• Retail theft

• Foreign relations

• Healthcare reform