A summer study by Gatepoint Research commissioned by RedPrairie, revealed some serious concerns around product recall inadequacies in the retail and life sciences supply chains. Despite findings that more than half of the 129 enterprises surveyed are concerned about their ability to isolate items within their own supply chains and that 70% say coordinating recall issues with suppliers and distributors keeps them up at night, fewer than 20% have actually deployed traceability technology solutions. Less than half of surveyed executives expressed confidence in their ability to execute a product recall within hours.
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July's 5 Most Viewed Features
Payment Security Breaches: Whos To Blame
As a retailer, I’m sure you’ve heard about the number of data breaches throughout the years. They’ve hit the headlines and the wallets of companies and their owners, sometimes costing millions of dollars to repair the damage of stolen credit card data and compromised systems. By Bob Russo, general manager, PCI Security Standards Council
5 Things You Need To Know About Alternative Payments
Jim Johnson, senior VP, retail payments at FIS, talks to Erin Harris about the top five things retailers need to know before considering alternative online payment options. In addition, Johnson delivers great data on the type of solution integration/data security measures retailers need to consider before accepting alternative payments.
Inside C. Wonder’s Mobile POS Initiative
Recently, investor and entrepreneur J. Christopher Burch had an idea for a totally new retail concept, C. Wonder, featuring clothing, accessories, and home decor. He wanted to create a customer experience that allows associates to engage with customers at any point within the store, and, more importantly, be there to capture the sale right when the customer is motivated to purchase. By Bob Johns, Integrated Solutions For Retailers
Retailers Apprehend Over 1 Million Thieves
The 23rd annual retail theft survey by Jack L. Hayes International reports that shoplifters and dishonest employees stole over $7 billion from 23 major U.S. retailers in 2010. These 23 surveyed retailers also apprehended over one million shoplifters and dishonest employees and recovered more than $148 million from them.
This Newsletter Is Sponsored By
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Security Solutions For Retailers
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