DiSa's (SGX:532) subsidiary, DiSa Digital Safety entered into a strategic partnership with American radio frequency identification (RFID) system provider B&G International to help retailers in the US track their inventory and avoid return fraud, according to a filing with the Singapore Exchange on Tuesday.
Through the DiSa 3S Smart Barcode, retailers will avoid fraudulent returns of their products.
According to data from the 2023 Consumer Returns in Retail Industry report, total merchandise returns across the retail industry were around $743 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments