Equipment Theft and Loss Cost Mid-Size Operations $18M Annually — Samsara Inc.

Event summary

Samsara's 2026 State of Connected Operations (SOCO) report reveals equipment theft and loss costs mid-size operations an average of CAD $18M annually.
72% of operational costs stem from missing assets valued under $14K, such as tools, sensors, and specialized parts.
98% of organizations without asset tracking experience daily or weekly searches for missing equipment.
35% of Canadian organizations have lowered insurance premiums by implementing asset tracking.

The big picture

Samsara's report highlights a pervasive yet under-quantified issue in mid-size operations across multiple industries. The findings underscore the strategic importance of real-time asset visibility, not just for recovering lost equipment but for preventing cascading operational disruptions. This aligns with broader industry trends toward digital transformation and data-driven decision-making in asset-heavy sectors.

What we're watching

Adoption Trends: How the pace of asset tracking adoption will accelerate among mid-size operations facing significant equipment loss costs.
Cost Savings: Whether organizations implementing asset tracking can sustain long-term operational cost reductions beyond initial savings.
Insurance Impact: The extent to which insurance premiums will continue to decrease for companies with robust asset tracking systems in place.