Retail shrink now costs the industry more than $100B a year, and losses have more than doubled over the past five years. Retailers once accepted shrink as a cost of doing business, but that view is changing. At Beamup, we work closely with operations executives and hear repeatedly how urgent it has become to reduce it. Physical security and operations teams also see the gap between their tools and those of their cyber security peers, and many, often prompted by a board-level digital mandate, are ready to use data analytics and intelligent tools to close it.
This report examines the shrink challenge for leaders in operations, loss prevention, and physical security. It shows why data analytics now matters so much and helps executives benchmark against peers, find visibility gaps, and act decisively.
