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New U S Chamber of Commerce Report Raises Alarm Over Crime Risk to Business; Urges Further Policy Actions

WASHINGTON, D.C. - A new report from the U.S. Chamber of Commerce, “Crime Risk to Business 2023,” highlights the surge in retail and related crime impacting businesses of all sizes across the United States.  While commending progress made in the fight against retail crime, the report notes much more needs to be done and outlines needed policy actions from local, state, and national lawmakers. The report includes a new Chamber survey examining a range of corporate documents, including 10-K filings, earnings calls, presentations, and other records of companies listed on the S&P 500. The findings are alarming: mentions of organized retail crime from January 1, 2023, through August 31, 2023 alone already surpass the numbers recorded last year by 43%. If this trend persists, such mentions of organized retail crime are on track to nearly double from 2022 to 2023, marking a staggering 94.5% increase by year-end. Tom Wickham, the U.S. Chamber of Commerce senior v

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