Ask your customers the percentage of sales they lose every year due to inventory shrink issues such as shoplifting, employee theft, vendor fraud, etc.
Shrink in the US retail industry hit an all-time-high in 2020, accounting for 1.62% of profits, up from 1.38% in 2019. (source)
While inventory shrinkage cannot be completely eliminated, it can be substantially reduced with tamper-evident solutions.
Imagine a customer that makes 5 million in sales, with a 50% gross margin. Lowering the shrink rate from 2% to 1% would save that company $25,000.
The cost per unit for tamper-evident tape may be slightly higher than the cost per unit for regular packing tape, but if you look at the savings your customers can realize down the line, it’s actually much cheaper than regular packing tape.