Broad Deployment Of RFID Still A Way Off

Feb. 16, 2007
However, spending on RFID continues.

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.

Interested in information related to this topic? Subscribe to our weekly RFID eNewsletter

Popular Sponsored Recommendations

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 ...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

Voice your opinion!

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