Retailers across the US and UK are facing record losses from theft, fraud, and operational errors — challenges that traditional security measures can no longer keep up with.
$45 billion in retail theft losses
Retail theft is a growing problem, as trends indicate a sharp increase in shoplifting, organized retail crime, and self-checkout fraud. As a result, grocery retailers are adopting new strategies to prevent theft while preserving the customer experience.
Essentially, we are transforming the input from the cameras into a live assistant, one which is able to provide vital updates and answer questions backed by the most up-to-date information you have available.
Recent history has taught us many valuable lessons that will shape the way we live and work in the future. Reflecting on the steps taken during the early stages of the COVID-19 pandemic, we can draw valuable lessons for combating the rise in shoplifting.
