Study: Importers Could Benefit Financially From RFID Technology

Jan. 13, 2005
By John S. McClenahen Financial benefits exceeding $220 per container could accrue to importers using radio frequency identification sensors to improve cargo security, suggests an analysis done by BearingPoint's Inc.'s Global Trade Management Practice ...
ByJohn S. McClenahen Financial benefits exceeding $220 per container could accrue to importers using radio frequency identification sensors to improve cargo security, suggests an analysis done by BearingPoint's Inc.'s Global Trade Management Practice for the U.S. Trade and Development Agency. Benefits include greater predictability and timeliness of shipments, reduced safety stock and inventory carrying costs, increased profits as a result of improved in-stock product rates, reduced costs related to theft and pilferage, improved customer service, and lower costs related to U.S. Customs' trade security measures. The demonstration project that was analyzed involved containers shipped from Laem Chaban, Thailand, to Seattle during September and October of last year.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!