Concealed loss
Definition
Concealed loss refers to the loss of goods in the supply chain that is not immediately evident or visible upon receipt. It occurs when the loss is not apparent during the initial inspection of the shipment or inventory. Concealed loss can happen due to various reasons, such as theft, misplacement, or mishandling. It is crucial for supply chain participants to conduct regular audits and inspections to identify and address any instances of concealed loss promptly. Proper documentation and reporting of concealed loss are essential for claims and recovery processes.
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