Has Loss Prevention become a new line of business?

Hitherto, for many people over the world the term Loss Prevention always relates to the Retail industry, and mostly Anti-theft.  For long it has been a subject to combat Shoplifting or Employee Theft in retail shops. However, the Hong Kong Loss Prevention Association (HKLPA) takes a different view, in that it regards Loss Prevention as a new profession. For this reason, the HKLPA invites professionals from specific areas to join the association, whose responsibility, among others, is preventing loss(es).  More importantly, the HKLPA thinks Loss Prevention Professionals may not only work by individuals, but instead as a team, and so forming a new walk of life.

 In real-life situations, enterprises are always looking for a complete and comprehensive proposal to tackle their loss problems, in every of their processes throughout the business.  And so forming Loss Prevention Consulting Firms or Teams becomes a trend to deal with Loss Prevention projects, thus a new line of business, which focuses on Loss Prevention, evolves.  The HKLPA serves as a platform for multi-disciplinary professionals to join forces for a common goal,i.e. to come up with an all-in and all-round loss prevention package which is the ultimate to be chosen by the solution-seeking clients.  

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