RFID in Retail Editor's Notes
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2012 is unlikely to be a year of great economic growth, but more companies are expected to deploy RFID as architecture that delivers benefits across an enterprise.
The VICS Item Level RFID Initiative's recent meeting and dinner revealed that great progress is being made toward the technology's adoption in retail apparel.
Manufacturing and construction are picking up in the United States, but it's still likely to be a year of modest growth, so companies will need to focus on boosting efficiencies.
2011 saw some economic ups and downs, but many companies turned to RFID to track the locations of their products and assets—and to monitor their conditions.
Apple and Macy's are adapting to changing conditions created by online retailers and more demanding customers, but RFID will be needed for retailers to truly compete.
Large and midsize retailers are moving forward with deployments, as the industry comes together under the VICS Item Level RFID Initiative to ensure that companies embrace standards and common best practices.
Apple's success has been in making products that are easy to use.
Greater visibility into what's happening to physical assets and products should reduce insurance costs for companies.
The winner of this year's RFID Journal Award for Best RFID Implementation is using the technology across its value chain.
To truly achieve transformational change, leaders in different industries will need to step up and help guide the adoption of radio frequency identification.