RFID Growth Spurt Leads to Tech Shortages.
We’ve been talking about the growth and ROI benefits of item-level RFID, particularly in retail.
Supply Chain Digest reports that WalMart’s new apparel tagging program has helped lead to a supply drop in RFID EPC Gen 2 inlays, and that mobile RFID readers are now also in short supply. Why so? Lots of investment in RFID initiatives, including WalMart’s recent order for 20,000 Motorola mobile RFID readers, combined with “supply constraints that have lasted for months in basic electrical components that have cause delivery problems in a wide number of high tech gear, including mobile devices.”
In fact, Supply Chain Digest says that analysts at a major financial investment firm are predicting 300 percent market growth in RFID asset management for 2011.
Do you expect to join that growth, and invest in RFID for asset management and inventory visibility in the next year?
Read the Supply Chain Digest article.
See more about RFID printing/encoding here, where you can find resources such as our white paper “Traceability in Retail—Reducing RFID Media Costs for Best Value.”
We’ve explored both the use of apparel RFID tagging in retail, and the potential for QR codes. Now we’ve discovered a new use for both! Seems a charity shop in U.K. uses the two technologies to attach a personal story about each piece of clothing as told by the clothing’s donator. Shop visitors can listen to the audio clips via the shop’s RFID readers and audio speakers, or by reading the QR codes via their smart phones. The stories help enhance the value and appeal of the items for potential buyers. Thanks to RetailWire.com for pointing us to the article.
Do you see a place for such a concept in other retail applications?
For more on RFID in retail, check out this white paper: Traceability in Retail—Reducing RFID Media Costs for Best Value.
Click here to learn more about RFID printing/encoding in general.
Earlier this year, supply chain guru Bob Trebilcock, Executive Editor, Modern Materials Handling, wrote a piece that was recently republished in Logistics Management. In his piece, Trebilcock cites a recently released VDC survey of RFID users that showed some very positive results.
VDC talked to a number of Tier 1 companies on what they were planning on spending on RFID this year. Not only did they find that those companies anticipate spending 200% more than they did last year, (an average of $3.5 million) but that spending should continue into 2011.
The reason for the increase? VDC notes that companies are starting to see real ROI from the pilot RFID projects that have been running in the past several years. Basically, those users finally confident that they are going to get real results from projects they have been piloting for the last three or four years. They’re ready to ramp up and roll out. Drew Nathanson, director of research operations for VDC told Trebilcock that “Companies that have been using 250,000 tags a year are about to use millions of tags a year,” You can see the article here.
This is certainly good news for the RFID market. It seems that RFID industry shows in the past have been filled with industry to industry optimism and light on actual end users. This news indicates that not only will current pilot programs move into larger rollouts, it should also indicate that new customers will have the confidence to start new RFID projects.
Tangible benefits are beginning to be achieved with RFID to improve critical business processes. RFID provides the visibility to enable improved decision making to meet increasing market demands. Apparel, consumer electronics goods manufacturing and military operations seem to be the early adopters implementing this technology. Remember, it is about the data that can be achieved with RFID that enables improved efficiencies, reduced inventories and fulfillment maintenance.
You can get started on investigating RFID solutions by clicking here