Caution still prevails when it comes to implementing RFID, according to a new study, "RFID Worldwide Perspective." Overall, companies are still willing to spend on RFID but are finding it hard to justify broad deployments.
"Despite a general uptake in RFID spending over the next few years, the aggregate results shine a light on the difficulties in justifying broad deployment of RFID for buyers and the associated disappointing market growth for technology sellers." stated Kimberly Knickle, director of research for Framingham, Mass.-based Manufacturing Insights which produced the report.
The survey highlighted some regional RFID strategies that manufacturers are planning:
- In Asia, companies are proceeding with RFID plans for two major business reasons: asset tracking and improved supply chain visibility. Asia/Pacific companies ranked mandates almost last.
- U.S. companies rank mandates and/or federal regulatory requirements as the primary objective of an RFID implementation, followed by track and trace improvements.
- Western European companies are looking for supply chain efficiencies to deal with the tight logistics and smaller retail stores within the European Union, which require more precise systems and processes.
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