As retailers seek to improve their omnichannel options for consumers, RFID tagging is gaining credence as a reliable way to streamline supply chains and better control inventory movement and levels.

Dive Brief:

  • SML-RFID, an RFID retail inventory management company, told Supply Chain Dive that RFID tags will garner about 8% of the retail apparel market by the end of 2017, while the RFID market continues to grow 30% year over year.
  • According to SML, RFID tags improve inventory accuracy by more than 98%, as opposed to “usually less than 70% in store.”
  • As Supply Chain Digest notes, RFID tagging is becoming increasingly popular on multiple levels for supply chain usage, even as implants in human hands to accelerate processes and reduce time spent on repetitious tasks.

Source: RFID market growing around 30% per year, SML says | Supply Chain Dive