Sensormatic RFID Solutions Bring Clear Sightline Into $1.2 Trillion Shrink Problem

NEUHAUSEN, Switzerland–(BUSINESS WIRE)–Johnson Controls today announced that Sensormatic Solutions, its leading global retail solutions portfolio, has expanded its innovative line of RFID-based shrink visibility solutions, providing actionable data to help retailers reduce loss and better manage shrink. Leveraging RFID technology for smarter loss prevention, Sensormatic shrink visibility integrates multiple technologies to meet the unique needs of each individual retailer—while helping decrease shrink based on the source and location of loss.

These new Sensormatic RFID-based electronic article surveillance (EAS) systems reveal item-level insights into stolen merchandise to help retailers react effectively to loss conditions. Electronic product code (EPC) information is captured through connected IoT devices to deliver real-time data, resulting in improved inventory accuracy and actionable analytics.

Retailers worldwide are challenged by the real price tag of total retail loss – a staggering $1.2 trillion problem. Not only must retailers combat almost $100 billion annually in total losses from shrink¹, but also nearly $1.1 trillion from inventory distortion (a combination of out-of-stocks and overstocks), which equates to 7.3% of global retail sales from stock distortion².

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