Solving organized retail theft starts with better supply chain data integrity

Cargo theft reached $131 million in the first quarter of 2024. The figure represents a 12 percent increase from the same period in 2023. Retailers report that the majority of losses occur during transportation and storage. Radio-frequency identification (RFID) tags and serialized product identifiers provide a mechanism for tracking items in real time. Data from these technologies can be integrated into supply‑chain management systems to flag discrepancies. Companies that adopt RFID and serialization report a reduction in theft incidents by up to 30 percent. The technology also supports audit trails for compliance purposes. This approach also improves inventory accuracy overall.

Source: Solving organized retail theft starts with better supply chain data integrity