Emerging Technology Currently Elevating the Retail Shopping Experience | Cargo Theft Reaches 'Unprecedented Levels' in 2024, Increasing by 27% | Maryland Business Leaders Call for Crackdown on ORC
While contributors to shrink are multi-fold, one strategy that retailers have leveraged to successfully combat shrink losses is scan-based trading (SBT).
Listen in as McLane Head of AP, Security, and Crisis Management Glenn Master, UPS VP of Public Affairs Jessica Lowrance, and Travelers Inland Marine National Practice Leader and Transportation and Crime and Theft Specialist Scott Cornel discuss the efforts of the International Supply Chain Protection Organization (ISCPO) and the Supply Chain Coalition to combat the newest strategic theft in retail: fictitious pick-ups.
Michelle Mack Sentenced to 5 Years in Prison for $8M Shoplifting Ring | New Task Force Will Fight Crime Related to California Wildfires | How Retailers Are Responding to Rising Return Challenges
Dive into real-world scenarios involving strategic thefts, fictitious pickups, and the tactics of rapidly emerging transnational criminal organizations.
To give you a better feel for the vast impact of the ORC problem, we have provided a glimpse into just a few of the incidents that took place in the month of December, 2024.
The research shows that total merchandise returns for the year reached $685 billion, representing 13.21% of total retail sales, which amounted to $5.19 trillion in 2024.
In this continuing podcast series with the Loss Prevention Research Council's (LPRC) Dr. Cory Lowe, PhD, we hear why felony thresholds have become an easy target for politicians.
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.