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Tony D’Onofrio is the global CEO of Prosegur’s Global Retail Business, where he regularly engages with the world’s largest retailers to provide innovative and holistic security solutions.
The global smart retail market is estimated to be $23.47 billion in 2021 and is expected to reach $51.48 billion by 2026.
The digitization of retail is well underway, and RFID has played a key role in optimizing inventory, enabling omnichannel processes, and improving the customer experience.
In a world where digital and physical retail are inextricably linked, how can retailers protect their inventories and people, but also offer exceptional customer experiences?
Returns accounted for 10.6 percent of retail trade in 2020, and totaled $428 billion. With increased ecommerce adoption across retail segments, returns are set to grow exponentially in 2022 and beyond.
The e-commerce giant has expedited the closure of many retailers and threatens to redefine the standards of shopping in a digital world.
Retail establishments are re-examining protection options after a string of flash mobs and smash-and-grab attacks accompanied the start of the holiday shopping season.
Quickly becoming a defining trend in physical retail, the store-in-a-store concept shows no sign of running its course anytime soon.