RFID is among the hottest trends in the retail industry, assuming you have the right plan for implementation.
RFID, or radio frequency identification, has come a long way since the early 2000s. At that time, Walmart was the first big retailer to experiment with the new technology, which cost an astounding $1.50 per tag. It was a sparkling new concept, used primarily for inventory accuracy.
Fast forward to today. RFID has fallen dramatically in price, especially when purchased in mass. RFID use is on the rise among retailers. Though its actual user numbers are still estimated to be in the single-digit range, retailers are scrambling to secure a place for RFID in their future roadmap — no one can argue that it’s one of the hottest trends to hit the industry.