August 2022 - 22
SECURITY
Theft prevention in
unattended retail
Solutions to help owners
and operators stay one
step ahead in securing and
protecting their assets.
By Scott Voisin, Contributor
A
S THE WORLD ENTERS ITS THIRD
year of dealing with COVID-19,
the U.S. seems to have turned a
corner in learning to live with
the virus. Shutdowns are a thing of
the past, mask mandates have been
eased or lifted altogether, and theaters,
restaurants and offices have been
reopened to the public. Unfortunately,
the pandemic has left its mark on the
American labor force and created
a new series of challenges for the
nation's economy.
Forced to stay away from the
workplace, people had time to reassess
their personal and professional
priorities, leading many of them to
change jobs, take early retirement,
or quit to start their own businesses.
" The Great Resignation, " as it's been
dubbed, has changed the employment
landscape across the country, leaving
many companies in a wide variety of
industries struggling to find staffing
and stay open. More recently, rising
22 Automatic Merchandiser * August 2022
interest rates, high inflation and huge
spikes in energy and gasoline prices
have stretched people's budgets to
the max.
Fewer employees on-site and
intense financial pressures on
consumers are the perfect combination
for potential theft. According to the
National Retail Federation's 2021 Retail
Security Survey, 57% of businesses
cited the pandemic and its aftermath
for a rise in organized retail crime,
while 50% blamed the virus for an
increase in shoplifting.
" We learned from micro market
operators that their biggest challenges
were theft and lack of labor resources
to deal with it effectively, " said Mac
Bolak, the founder and chief executive
officer of Panoptyc. " If there's no
one there on the premises, people
feel more inclined to take things
when they think no one is watching.
Operators were also dealing with
outdated camera systems that couldn't
be reviewed remotely, meaning they
had to drive potentially long distances
to retrieve footage manually. So, we
came up with a solution to help fill
the gap. "
Founded in 2019 with headquarters
in Michigan and Washington,
Panoptyc has quickly become a
leader in the security and surveillance
industry. Using a combination of
smart cameras, artificial intelligence
technology and human review,
Panoptyc's goal is to take care of theft
detection so operators can focus on
running and growing their business.
" Our software is always looking for
suspicious incidents, " Bolak explained.
" Once something happens - if someone
grabs an item and walks out or
pretends to check out and doesn't pay -
that activity gets flagged automatically.
We then have human verification to
ensure accuracy prior to sending out a
dossier with all needed information to
the operators. "
August 2022
Table of Contents for the Digital Edition of August 2022
Editor’s Note
Industry News
Six things for operators to consider in today’s business environment
A View of the Future
Theft prevention in unattended retail
Penny For Your Thoughts
Classifieds
Social Hubs
August 2022 - PCOV1
August 2022 - PCOV2
August 2022 - 1
August 2022 - 2
August 2022 - 3
August 2022 - 4
August 2022 - Editor’s Note
August 2022 - Industry News
August 2022 - 7
August 2022 - 8
August 2022 - 9
August 2022 - Six things for operators to consider in today’s business environment
August 2022 - 11
August 2022 - A View of the Future
August 2022 - 13
August 2022 - 14
August 2022 - 15
August 2022 - 16
August 2022 - 17
August 2022 - 18
August 2022 - 19
August 2022 - 20
August 2022 - 21
August 2022 - Theft prevention in unattended retail
August 2022 - 23
August 2022 - 24
August 2022 - 25
August 2022 - 26
August 2022 - 27
August 2022 - Penny For Your Thoughts
August 2022 - 29
August 2022 - 30
August 2022 - 31
August 2022 - 32
August 2022 - 33
August 2022 - Classifieds
August 2022 - Social Hubs
August 2022 - 36
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