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Renewed Buzz around RFID
Mike Witty, analyst with research firm Manufacturing Insights, notes in this guest contribution that despite predictions of stalled RFID adoption as recently as a few months ago, the first quarter of 2006 has seen great strides, and it appears that industry may be coming out of its funk.
Mar 31, 2006—This article was originally published by RFID Update.
March 31, 2006—In January, Manufacturing Insights published its 10 predictions for manufacturing in 2006. Prediction number five: RFID costs continue to fall while adoption continues to stall. This prediction was based on two key business factors. First, in the retail value chain, most manufacturers were struggling to find the benefits of mandate compliance and, as a result, the overriding implementation mentality was to take a slap-and-ship approach. Second, other industry segments also appeared to be investing in RFID with a pilot project-based mentality, even though the value proposition for closed-loop, high-value product and asset track and trace initiatives had a tangible business case.
As we enter the second quarter of the year, there is clearly a renewed buzz surrounding RFID, and the pace of adoption is indeed quickening. The factors that Manufacturing Insights sees driving this new trend are:
The fact that Manufacturing Insights will be watching these issues should not to be interpreted negatively, but as an indication that the industry is maturing. In actuality, the industry has made great progress over the first quarter of the year and, as a result, activity is increasing and adoption has not stalled.
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