In the US, equipment loss, theft and downtime from equipment searches, account for billions of dollars in financial losses.
The most direct impact of downtime is the loss of production capacity. An average manufacturer deals with 800 hours of downtime per year – or more than 15 hours per week. At a production rate of 600 units per hour with an average profit per unit of $50, a single hour of downtime costs companies $10,000 in lost revenue. For an average automotive manufacturer, downtime will cost $22,000 per minute.