Puerto Rico food retailers lose some $116 million as a result of shoplifting, inefficiency and negligence in managing inventory, employee theft or fraud, according to the "Portrait of the Food Industry" study released by the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
Puerto Rico retailers and the government are losing some $490 million in annual revenue as a result of shoplifting and organized crime, members of the Puerto Rico Marketing, Industry and Food Distribution Chamber said Wednesday.