Are there any consumer benefits to RFID? Or do all the benefits go to the companies that use it?

There are many consumer benefits. Greater efficiency in the supply chain will reduce costs and improve efficiencies. Companies will pass some of these savings on to consumers to try to gain market share from less efficient competitors. RFID could be used by retailers to expedite returns and by manufacturers to manage warrantee claims and improve after-sales support of items such as computers and DVD players. RFID could also reduce the counterfeiting of pharmaceutical drugs and insure the integrity of products purchased by consumers. And RFID could be used to secure the food supply and prevent terrorists from sneaking weapons of mass destruction into a country through shipping containers.

Posted in: RFID in Consumer Products