The retail industry in the United States faces a significant threat from organized retail crime (ORC), resulting in significant financial losses each year. In 2022, the National Retail Federation (NRF) reported a staggering $112.1 billion in losses from shrink, up from $93.9 billion in 2021, with theft, including ORC, accounting for 65 percent of the total losses.
Not only are ORC incidents financially damaging but are also becoming more violent and brazen, posing a threat to the safety of retail workers and consumers. According to the NRF’s 2023 survey, 67 percent of respondents reported an increase in violence and aggression from ORC perpetrators compared to the previous year. These trends underscore the urgent need for proactive measures to identify, investigate, and resolve ORC cases.
One effective solution is to gather objective evidence for case closure through the integration of Flock Safety license plate recognition (LPR) cameras. By capturing and analyzing license plate data, LPR technology provides asset protection and loss prevention teams with vital evidence to link suspects, vehicles, and stolen goods. Using LPR data in investigations enhances the efficiency and accuracy of ORC cases, ultimately deterring future criminal activity in the retail sector.
The whitepaper provided offers more information on this solution’s effectiveness in preventing future incidents and deterring repeat offenders in organized retail crime cases.
