COVERIS
Packaging maker ramps up production of anti-theft security labels / 45,000 cases per day of shoplifting reported in England, Wales
By Plasteurope.com correspondent

A huge rise in shoplifting activity across England and Wales has prompted Austrian packaging manufacturer Coveris (Vienna; www.coveris.com) to increase production of its SourceTag loss-prevention security labels. Coveris said it was responding to soaring demand from retailers for its SourceTag products, with demand up 60% year-on-year, by increasing production.

Coveris' SourceTag labels use radio frequency or acoustic magnetic tags to provide a security label (Photo: Coveris)


According to the Office for National Statistics, which regularly publishes a variety of data about the UK, during the year ended March 2024 police recorded 443,995 incidents of shoplifting in England and Wales, a 30% increase on 2023 and reportedly the highest level since records began in 2003. Meanwhile, the British Retail Consortium (London, www.brc.org.uk) reported that cases of shoplifting were running at around 45,000 a day, with an annual cost to the retail sector of GBP 1.8 bn (EUR 2.13 bn).

Related: Coveris invests to meet demand for flexible packaging from medical sector

The firm said its SourceTag labels use radio frequency or acoustic magnetic tags to provide a security label that works with existing electronic article surveillance antenna systems instore. The tags are applied during the label manufacturing process “to create a covert security solution, the need for secondary SKUs and instore application”. Coveris added that the tags deactivated at the point of sale, making self-checkout – where an estimated 80% of sales now take place – more secure, but also easier.

The firm said it was investing in more R&D to boost production, security formats, and sustainable impact. Nigel Hewitt, sales director of the company’s paper division, said, “Compared to secondary tagging, our current SourceTag labels offer a more sustainable solution as well as reducing SKUs, cost, process, and time.”
28.08.2024 Plasteurope.com [256067-0]
Published on 28.08.2024

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 15.11.2024 19:44:23   (Ref: 968168406)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp