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Material Handling Headlines
Retail RFID on Rise
- 9/25/2009
According to new research released by
ABI Research, global sales of item-level
RFID (radio-frequency identification) systems to apparel companies will essentially triple in size over the next five years, approaching $125 million by the end of 2014. ABI estimates the apparel industry will spend $44.8 million on item-level RFID solutions worldwide in 2009.
“RFID’s use in the apparel sector represents the greatest near-term opportunity for business improvements and fewest impediments to growth in the retail industry,” said
Michael J. Liard, ABI Research’s RFID practice director, in a statement. “A quick, demonstrable ROI and key business metrics for adoption have been clearly established, and the results of nearly all evaluations conducted have been compelling. As a result, market activity is brisk and promising, especially among early-adopter specialty-apparel retailers.”
Read the entire article at
ApparelNews.net.
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