The Internet of Things in Retail: Redefining Brick and Mortar Stores
vegetables and grains due to spoilage to be about 4.4 billion USD2. A recent study estimates that
U.S. retailers alone lose $8.8 billion each year due to meat spoilage3. Thus even a 1% reduction in
losses due to spoilage directly translates to cost savings of millions of dollars for retailers - a big
impact on the bottom line.
Inventory management: Research findings show that a typical retailer loses about 4 pe