RFID's Silk Road
Because of its growing importance as a manufacturing center, Asia will play a pivotal role in the global adoption of RFID technologies.
By Elizabeth Wasserman
June 1, 2006—Asia is fast becoming the world's factory. Exports from Asia have grown over the past 50 years from 13 percent to more than a quarter of all worldwide trade today, or US$2.4 trillion, according to the World Trade Organization (WTO).
Fueling Asia's ascension is the fact that global companies—based in the United States, Europe and other parts of the world—have contracted with Asian manufacturers to make their products, because it's cheaper than maintaining their own factories in regions where worker salaries and overhead are costlier.
Now many of these global companies are faced with RFID tagging mandates from large retail chains in the United States and Europe. Most suppliers have taken the slap-and-ship route, tagging cases and pallets in their warehouses after goods have been imported from overseas.
June 1, 2006—Asia is fast becoming the world's factory. Exports from Asia have grown over the past 50 years from 13 percent to more than a quarter of all worldwide trade today, or US$2.4 trillion, according to the World Trade Organization (WTO).
Fueling Asia's ascension is the fact that global companies—based in the United States, Europe and other parts of the world—have contracted with Asian manufacturers to make their products, because it's cheaper than maintaining their own factories in regions where worker salaries and overhead are costlier.
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| Asian companies are beginning to play a pivotal role in RFID's global adoption. |
Now many of these global companies are faced with RFID tagging mandates from large retail chains in the United States and Europe. Most suppliers have taken the slap-and-ship route, tagging cases and pallets in their warehouses after goods have been imported from overseas.
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