Retail crime, particularly organized retail crime (ORC), is on the rise, with incidents of shoplifting and violent threats increasing significantly from 2023 to 2024. Retailers are reporting higher numbers of theft across various categories, including supply chain, e-commerce, and phone-based scams. While these trends are concerning, advancements in technology and analytics are providing retailers with a clearer understanding of the evolving tactics used by ORC groups, enabling more precise loss prevention strategies. AI
IMPACT Enhanced analytics tools are improving retailers' understanding of and response to evolving retail crime tactics.
RANK_REASON Article discusses trends and provides analysis on retail crime and technology's role, rather than announcing a new product or research.
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