Retail security conference season is well underway, and while we’re always excited to demo our face recognition platform, one of our favorite aspects of attending retail security conferences is learning from other industry loss prevention leaders. After attending FMI’s ASAP Conference, RILA and also ISC West, we’ve noticed some retail loss prevention trends.
This year, loss prevention leaders are being more proactive than ever about threats, doubling down on workplace safety and adopting face recognition security more fervently than ever before. Here’s more info about three trends that are shaping the face of retail security.
More Focus on Workplace Safety
We’ve noticed a larger emphasis than ever before on workplace safety. Retail crime often results in associates (or even customers) getting hurt, and in the worst cases, killed. That’s one reason more retail security leaders are on the lookout for ways to reduce in-store violence. Our face recognition solution has helped major retailers reduce in-store violence by up to 91%. It does this in part by providing loss prevention professionals with customized alerts with actionable directives. That’s especially important when known violent criminals enter the workplace.
An Emphasis on Proactive Security and Training
Loss prevention leaders are now getting increasingly proactive about combating threats. This makes a lot of sense, given the most recent data showing that retail deaths are up 12% and retail crime has climbed 20% over the past quarter. There’s also an increased focus preparing for worst-case scenarios. At RILA in New Orleans, we attended an incredible seminar that featured two impressive training videos demonstrating the extent to which loss prevention leaders at stores like Lomaxx and Rite Aid prepare their staff to survive an active shooter.
More and more retailers are realizing that proactivity is key to surviving any active threat. And that’s why we designed our face recognition system to instantly alert security professionals the moment that a person who might prevent a threat to safety enters one of your stores.
Retail is the Fastest Growing Adopter of Face Recognition
Analysts have predicted that retail is expected to be the fastest growing industry during the forecast period of 2016-2022, with a 23.86% annual growth grate, and what we’ve seen on the ground indicates that the analysts are correct. Our sales director Mark Ebersbach spoke at a session on face recognition for retail at FMI’s ASAP conference. The session was well-attended, and the industry leaders we’ve networked with at various conferences are extremely excited about the opportunities that this technology offers to reduce shoplifting and in-store violence. While retail crime grows more prevalent, FaceFirst has been proven to reduce shoplifting by a minimum of 20%.
If you didn’t get an opportunity to meet us at a conference yet, and would like to get a free demo of our facial recognition system, we’re going to be at NRF Protect in June! Feel free to stop by the FaceFirst booth, or schedule your personalized demo.