Organised retail crime (ORC) poses a significant threat to the retail industry, impacting both profitability and customer safety. As criminal activities become more sophisticated, retailers must leverage advanced technology solutions to stay ahead of these threats.
Retail chains across the US and UK have reported significant losses, amounting to billions of GBP, due to shoplifting. Store staff, whose objective is to ensure that customers have a pleasant experience while
Take a look at the evolution of video analytics and computer vision as a tool for stopping the misuse of self-checkouts, understand how things have changed and where they are today, and how things might adapt in the future.
Loss Prevention Needs Smart Technologies
With each passing year, the retail industry is witnessing a steady rise in shrinkage, which is financial losses occurring due to theft. According to the National Retail Security
It is well known that theft and violence are heavily correlated crimes. It should be no surprise then that, as a combination of factors make shoplifting more common, there will inevitably be in increase in violence and aggression inside stores.
