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It’s easy to think of crime in the retail sector as being largely related to small-scale shoplifting, either by individual criminals acting alone, those who are contacts of retail staff, or the staff themselves. However, the issue of organized retail crime (ORC) is growing and may well outstrip the impact of shoplifting alone with crime … Continued
The retail landscape is constantly shifting, and so as a retailer, you are likely looking to optimize your offering to both fit the changing needs of the market and increase efficiencies in your own operations. With customer demand for a seamless, omnichannel shopping experience and digital convenience, technology is increasingly being used to enhance in-store … Continued
Ecommerce and online shopping have become the bedrocks of the retail industry and we’re now in the middle of a third retail shift, characterized by automation, social engagement and hyper personalization. According to a new report titled ‘Radical retail 2030’, shoppers and communities are increasingly becoming co-creators, and the physical world is merging with the … Continued
With competition from online retailers and changes to in-store shopping habits, securing profit margin is becoming more important than ever. Loss of inventory through theft – either by employees or customers – can represent a significant challenge to retailers. In fact, European retailers lose roughly €49bn a year from shrinkage, while in the US this … Continued
This is a joint post between Jody Bishop and James Stark. Next-Gen Computer Vision Offers Extraordinary Abilities and Insights The old adage “knowledge is power” is as true today as it ever was. It’s clear that individuals and organizations make better decisions when armed with accurate and timely information. Today, advanced technology plays a major … Continued
A concerning rise in workplace fatalities in Asia this year has prompted the Singapore government to introduce comprehensive new workplace safety and health (WSH) measures. These measures promote heightened worker safety programs, increase personal accountability for company executives, and identify technology as a key enabler for achieving better WSH outcomes. In this post we examine … Continued
