23 April 2010
Workshop will show retailers and manufacturers how to cool the risk of Europe’s hottest products
Run by ECR Europe Shrinkage Group supported by Checkpoint Systems Tuesday 18 May, 2010, Brussels, Belgium.
Brussels, April 22nd – Shrinkage costs retailers $235 billion globally – even before spending on preventive measures is taken into account. But which products are most susceptible to stock loss in Europe and what constitutes best practice in fighting the problem?
At an interactive one-day workshop, ‘Cooling the Risk of Hot Products’, academic experts will join senior practitioners from Best Buy, AS Watson Group, L’Oréal and Lodge Services to discuss these key issues in managing shrinkage. The event, aimed at food retailers, the cosmetics and pharmaceutical industries and FMCG manufacturers, takes place on 18 May, 2010 at the Sheraton Hotel, Brussels Airport, Belgium. It is part of a seminar programme run by ECR Europe Shrinkage Group, and is supported by Checkpoint Systems, a leading supplier of shrink management, apparel labelling and merchandise visibility solutions.
“Delegates will have access to the latest academic research, as well as practical insights and ideas from companies that have developed successful approaches for managing shrink. It will be a thought-provoking day for those involved in security and loss prevention, logistics and operations, and supply chain management,” said Colin Peacock, Manufacturer Co-Chair, ECR Europe Shrinkage Project, and P & G’s Director of Brand Protection and On-Shelf Availability.
Adrian Beck, Head of the Department of Criminology at the University of Leicester in the UK and a loss prevention specialist, will unveil a new study into the 50 hottest products in Europe. He will then lead a discussion on reducing the risk to the most vulnerable items, such as delicatessen products, eye-liner, lingerie and mobile phones.
The agenda also features retailer case studies highlighting current strategic and operational initiatives to reduce shrinkage. Among the topics being covered are: how to measure hot products in the supply chain; communicating shrinkage in retail organisations; and the practicalities of suppliers taking collaborative action.
Delegates will have the opportunity to benchmark their hot products against those of other retailers in Europe, and to contribute their own views and experience during the workshop.
“Greater collaboration between retailers and manufacturers is essential to tackling shrinkage effectively. The seminar will provide a forum for exchanging ideas and for working together to reduce the risk of vulnerable goods,” added John Fonteijn, Retailer Co-Chair, ECR Europe Shrinkage Project, and Head of Group Asset Protection, Ahold.
Commenting on Checkpoint’s involvement, Neil Matthews, Vice President and General Manager, North and Central Europe said: “Checkpoint is committed to enabling retailers to protect the hottest products, while ensuring a positive shopping experience for consumers. We are, therefore, pleased to support the event run by ECR Europe Shrinkage Group.”
To view the full program and register to the event, please visit www.shrinkage.ecr-all.org or contact ECR Europe.
Press contact:
Katrin Recke
ECR Europe
Tel: + 32 2 736 03 05
katrin.recke@ecreurope.com
Annabel Lemétais
Checkpoint Systems
Tel: +34 91 432 2504
annabel.lemetais@eur.checkpt.com
About ECR Europe
ECR Europe is a joint trade and industry body committed to making the grocery sector as a whole more responsive to consumer demand and to promoting the removal of unnecessary costs from the supply chain. With its secretariat in Brussels, ECR Europe works closely with national ECR initiatives in most European countries. It is involved in collaborative projects at European and national level aimed at identifying best practice, and its annual conference is the biggest event in Europe for top managers in retailing and FMCG industries. For more information, please visit www.ecr-all.org.
About Checkpoint Systems
Checkpoint Systems is a global leader in shrink management, merchandise visibility and apparel labelling solutions. Checkpoint enables retailers and their suppliers to reduce shrink, improve shelf availability and leverage real-time data to achieve operational excellence. Checkpoint solutions are built upon 40 years of RF technology expertise, diverse shrink management offerings, a broad portfolio of apparel labelling solutions, market-leading RFID applications, innovative high-theft solutions and its Web-based Check-Net data management platform. As a result, Checkpoint customers enjoy increased sales and profits by improving supply-chain efficiencies, by facilitating on-demand label printing and by providing a secure open-merchandising environment enhancing the consumer’s shopping experience. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs 3,900 people worldwide. For more information, visit www.checkpointsystems.com.
Tags:
Shrink Management