Checkpoint Developing RFID-Based Fresh Meat Solution that Enables Food Retailers to Lower Waste, Improve Freshness
Pilot Results: Faster Replenishment Time, Reduced Meat Waste, Reduced Staff Time, Increased Sales
NEW YORK – Jan. 18, 2016 – Checkpoint Systems, Inc. (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry, today announced here at NRF’s Annual Convention & EXPO that its RFID-based fresh meat solution, which is in development, is now being piloted by food retailers.
The new solution will combat the multi-billion dollar loss per year of meat products and associated labor costs at food retailers because of expiration. U.S. retailers alone lose $8.8 billion each year due to meat spoilage. E.U. retailers lose EUR 14.8 billion each year for the same problem.
During a recent pilot, a national retailer found it was able to reduce fresh meat replenishment time, decrease staff time spent replenishing expired meat, reduce meat waste and increase sales.
In addition to these benefits, the fresh meat solution is expected to increase markdown compliance, improve the customer experience by improving food freshness and on-shelf availability, and be easily adopted by employees into their current daily routines.
According to Uwe Sydon, Senior Vice President & Chief Innovation Officer, Checkpoint Systems, “Currently, most food retailers have no easy way to track fresh meat once it’s packaged. Our fresh meat solution will make all processes in the meat department streamlined with very quick and easy-to- use data.”
About Checkpoint Systems, Inc. (www.checkpointsystems.com)
Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint’s solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading software, RFID hardware and comprehensive labeling capabilities to brand, secure and track merchandise from source to shelf. Checkpoint’s customers benefit from increased sales and profits by implementing merchandise availability solutions to ensure the right merchandise is available at the right place and time when consumers are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs more than 4700 people worldwide.