{"id":1758,"date":"2024-08-21T04:14:16","date_gmt":"2024-08-21T08:14:16","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1758"},"modified":"2024-08-21T04:14:16","modified_gmt":"2024-08-21T08:14:16","slug":"coveris-boosts-security-label-production-amid-retail-thefts-spike","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1758","title":{"rendered":"Coveris boosts security label production amid retail thefts spike"},"content":{"rendered":"


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Coveris\u2019 composite SourceTag labels. Credit: Coveris. <\/figcaption><\/figure>\n<\/p><\/div>\n

European packaging manufacturer Coveris has reported an increase in UK security label production in response to the spike of retail theft in England and Wales in over two decades.\u00a0\u00a0<\/p>\n

The company is investing in additional capabilities and research and development to enhance production, security formats, and sustainable impact. \u00a0<\/p>\n

The British Retail Consortium (BRC) has revealed that incidents have nearly doubled to 45,000 per day, costing the UK retail sector approximately \u00a31.8bn ($2.3bn) annually.\u00a0\u00a0<\/p>\n

The rise in shoplifting, driven by escalating prices and the cost of living, has prompted retailers to adopt more stringent security measures.\u00a0<\/p>\n

Retailers are now intensifying security for high-value items such as meat, cheese, and beverages to reduce shrinkage and ensure product availability.\u00a0<\/p>\n

Coveris, which supplies loss-prevention label-tags through its SourceTag brand, said that the surge in retail demand has led to a more than 60% year-on-year increase in production volumes to combat in-store theft.\u00a0<\/p>\n

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