Caution still prevails when it comes to implementing RFID, according to a new study, "RFID Worldwide Perspective." Overall, companies are still willing to spend on RFID but are finding it hard to justify broad deployments.
"Despite a general uptake in RFID spending over the next few years, the aggregate results shine a light on the difficulties in justifying broad deployment of RFID for buyers and the associated disappointing market growth for technology sellers." stated Kimberly Knickle, director of research for Framingham, Mass.-based Manufacturing Insights which produced the report.
The survey highlighted some regional RFID strategies that manufacturers are planning:
In Asia, companies are proceeding with RFID plans for two major business reasons: asset tracking and improved supply chain visibility. Asia/Pacific companies ranked mandates almost last.
U.S. companies rank mandates and/or federal regulatory requirements as the primary objective of an RFID implementation, followed by track and trace improvements.
Western European companies are looking for supply chain efficiencies to deal with the tight logistics and smaller retail stores within the European Union, which require more precise systems and processes.
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