Don’t Let Your Retail Business Become a Target for Thieves: The Importance of Security Systems
As the world continues to face the ongoing challenges of theft, looting, and shoplifting, it is crucial for retailers to take proactive measures to ensure the security and protection of their businesses. The rise of organized retail crime has become a major concern as businesses small and large are losing billions of dollars every year. In 2022 and 2023, this issue has only continued to grow, making it more important than ever for businesses to invest in effective security solutions.
One such solution to these increasing issues is Bosch’s security cameras and video systems. Bosch has been a leader in the security industry for decades, and their products are trusted by businesses around the world. With their advanced technology, businesses can monitor their premises in real-time and capture high-quality video footage of any suspicious activity, enabling them to respond before a potential situation occurs. This not only helps deter potential criminals but can also provide valuable evidence for law enforcement in the event of a theft or break-in.
Bosch’s security cameras are designed with a variety of features to meet the needs of different businesses. For example, their high-resolution cameras can capture clear images even in low-light environments, while their 360-degree cameras provide comprehensive coverage of large areas. Additionally, Bosch’s video management systems design with AI makes it easy for businesses to monitor and manage their security footage, even across multiple locations.
Over the past decade, Bosch has participated in the adoption and growth of AI-driven video systems and solutions. AI capabilities of these video systems enable them to understand what they’re seeing and to add meaning to captured video with metadata. This is an important first step in converting video data into actionable insights and building predictive solutions. This advanced analytics technology relies on another type of machine learning — deep learning, which uses artificial neural networks that attempt to mimic the human brain allowing it to learn from large amounts of data and recognize patterns to tackle more complex tasks faster, easier, and more accurately.
A key advantage of Bosch’s security cameras and video systems is their ability to integrate with other security solutions. This enables businesses to connect their security cameras to access control systems to monitor who is entering and leaving their premises. They can also integrate with alarm systems to automatically alert security personnel or law enforcement in the event of an intrusion.
Overall, Bosch’s security cameras and video systems provide businesses with a powerful tool to deter theft and protect their assets. With the growing issue of organized retail crime, it’s more important than ever for businesses to invest in effective security solutions. By working with ValuTrack Corporation, businesses can ensure they are getting the most out of their security systems and optimizing their operations for success.
Retail Crime by the Numbers
Over the past few years, organized retail crime has spiked across the United States. While it’s difficult to say what the exact cause of the spike is, it has never been more important for retail businesses to increase their security in and around their facilities. Here are a few statistics that show just how big of a problem retail crime is becoming.
- Target said organized retail crime has led to more than $400 million in profit losses in 2022.
- CVS spokesman Michael DeAngelis says, CVS experienced a 300% increase in retail theft from our stores since the pandemic began.
- A Rite Aid just closed its doors in midtown Manhattan, as more than $200,000 in goods were stolen in December and January, per the New York Post
- Retailers, on average, saw a 26.5% surge in organized theft incidents in 2021
- Retailers have been battling unprecedented losses. A National Retail Security Survey (NRSS) shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem.
- Retailers across America say shoplifting is now 2% to 3% of their total sales. That’s up from 0.7 to 1% pre-pandemic
- The top five cities for organized retail crime, in order, were Los Angeles, Chicago, Miami, New York, and San Francisco.
What ValuTrack Can Do To Help
We provide a wide range of security systems and solutions for communications that include video surveillance, access control, intrusion, and more. Our powerful hardware platforms and flexible systems allow us to offer superior products that meet your specific applications and security requirements. From simple installations to extensive projects, we offer integrated security solutions based on intelligent technology, backed by superior support. We offer customizable solutions to address the challenges you face every day. If you want what’s best for your business, employees, and customers, these are the security solutions that you can rely on. Talk to a ValuTrack Technology Specialist about figuring out which sets of security best fits the needs of your organization.
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