Organized Retail Crime demands early detection, integrated Solutions
One big thing
Combating organized retail crime (ORC) requires businesses and law enforcement to proactively sense and deter criminal activities before they escalate.
Why it matters
The surge in organized retail crime is a significant concern for U.S. retailers, who lose $250-600 billion each year.
“The right people need to know and be able to act in a timely way,” said Dr. Read Hayes, director of the Loss Prevention Research Council and a criminologist who leads an engineering research team at the University of Florida. “Whether it's a theft, fraud or violence or all the above. We've got to know and we've got to share [that information].”
Go deeper
Dr. Hayes emphasizes the importance of sharing intelligence, implementing integrated security measures, and continually refining strategies based on past incidents. The battle against organized retail crime requires precision-based, multifaceted approaches, and a collaborative effort between retailers, law enforcement agencies, and policymakers to ensure the safety and security of shopping experiences.