eyefortransports survey reveals that RFID and real time technologies will become indispensable in the near future in spite of the fact that only 43% of the respondents stated they already have or are planning investments in that kind of technology.
The combined influence of major retail chains, defence contractors, automotive manufacturers and others all of whom are requiring suppliers to use RFID will prompt a massive increase in RFID adoption, starting from essentially zero. By the end of the year, more than 10 billion RFID tags will have been sold and used.
RFID technology is particularly relevant to the pharmaceutical industry, which, according to ABI Research, loses $2 billion due to overstock and expiry, and $30 billion due to counterfeiting. Furthermore, the FDA has recommended tracking in the pharmaceutical supply chain, and state governments in the US beginning with Florida and California are starting to mandate "pedigrees", i.e. verification of drug shipments' integrity from manufacturer to retailer. While none of these initiatives demands the use of RFID, it is recommended. According to analyst Sara Shah, the state pedigrees, which will take effect over the next two years, are pushing companies to adopt RFID.
Investment is made in RFID technology for two reasons: to increase operating efficiencies, and/or because the customer or legislation demands it.
This issues will be covered, discussed and debated at the eyefortransport Using telematics and real time data management for optimising transportation networks Conference, which takes place in Amsterdam on April 27th-28th this year.
The eyefortransport Using telematics and real time data for optimising transportation networks Conference will bring together senior IT, Information Systems, and Logistics executives from different verticals to discuss how to best collect, us