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Combating U.S. Retail Shrink

Technologies such as RFID can help retailers cut down on dishonest employees, shoplifting.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Last week, I wrote a blog post on how counterfeiting may account for $1.8 trillion in lost business annually. Printed electronics and RFID are two of the technologies that can put a dent in this huge problem.   The other major area plaguing retailers is shrink, or the theft of products by shoplifters, employees or suppliers. According to a survey by The Smart Cube and Global Retail Theft Barometer, and underwritten by an independent grant from Checkpoint Systems, shrink is on the rise in the U...

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