Building a Cross-Functional Task Force to Combat Retail Shrinkage
Effective loss prevention in retail demands a comprehensive approach involving multiple departments. A cross-functional shrink task force is essential for designing and implementing robust loss prevention programmes. By leveraging the unique skills and insights of various teams, retailers can significantly reduce shrinkage and safeguard profits. Key Components of a Cross-Functional Shrink Task Force Loss Prevention […]
Are you ready for the digital pound
In a groundbreaking move, the Bank of England has announced plans to introduce a digital pound, marking a significant step towards a more modern and resilient financial system. This initiative aligns with global trends as countries explore the potential benefits of Central Bank Digital Currencies (CBDCs). The digital pound promises to revolutionise the UK economy, […]
Deepfake Videos: Understanding the Impact
In today’s digitally advanced era, deepfake videos represent a new frontier of both innovation and threat. While the technology holds potential for creative and educational applications, its malicious use has raised significant concerns across various sectors. This article explores the profound impact of deepfake videos on personal security and the retail industry, highlighting the necessity […]
Will Augmented Reality (AR) reduce Refunds in Retail?
Introduction to Augmented Reality in Retail Augmented Reality (AR) technology is becoming an increasingly important tool in the retail sector, transforming the shopping experience and offering substantial benefits for both consumers and retailers. One of the most significant impacts of AR is its potential to drastically reduce the number of product returns and refunds, a […]
Enhancing Security in British Universities to prevent International Espionage
As MI5 alerts, UK institutions must ramp up security measures to protect intellectual property from hostile states. British universities have long been celebrated as pioneers at the forefront of global education, revered for their groundbreaking research and innovative academic environment. Yet, these institutions are now facing an unprecedented threat that jeopardizes not only their intellectual […]
Enhancing Employee Engagement with AI: Strategies for All Businesses
AI’s Role in Modern Business Practices: A Guide to Preventing Employee Disengagement Long before the widespread adoption of Generative AI tools, artificial intelligence has played a critical role in streamlining daily business operations, from verifying documents to processing expense reports and conducting trainings. AI not only simplifies routine tasks but also frees up time for […]
Insider Threat on the Rise in 2024
Mitigating Insider Threats through Continuous Employee Training Large UK businesses must implement specialist fraud prevention training throughout the entire employee lifecycle to safeguard against the growing risk of insider threats, advises leading Risk Management experts at New World Norm Continuous Training to Combat Insider Threats The recommendation follows findings from open-source research, which indicate that […]
Assault on Retail Workers to Become a Specific Criminal Offence
New Strategies to Address Retail Crime In a recent development, the UK government has taken a definitive step towards reinforcing the safety of retail workers by proposing a specific criminal offence for assaults against them. This announcement was made during a Retail Crime meeting at No.10 Downing Street, chaired by the Policing Minister, which focused […]
Building Supply Chain Resilience: Insights from the Baltimore Incident
Building Supply Chain Resilience: The recent collapse of the Francis Scott Key Bridge, significantly impacting operations at one of the key ports on the US eastern seaboard, highlights the critical need for robust supply chain resilience. This event serves as a stark reminder that, while the COVID-19 pandemic heightened the focus on supply chain adaptability, […]
Empowering Employees with Purpose: A Key to Retention and Engagement
A Key to Retention and Engagement In the wake of recent global challenges, the quest for purpose in the workplace has never been more critical. Discover how aligning employee and organizational purpose can drive productivity, loyalty, and well-being. In today’s dynamic work environment, employees increasingly seek meaningful engagement from their roles, viewing their jobs as […]