RFID is on the rise. Radio-frequency identification (RFID) solutions are transforming asset tracking, inventory management, and other essential workflows to deliver more accuracy and better visibility.
Today, the benefits of highly accurate automated data collection are within reach of more businesses than ever to meet the challenges of rising costs, tight labor markets, and increasing customer demand.
This recent Infographic from A2B Tracking and Zebra Technologies gives 3 major reasons why RFID is on the rise — Accuracy, Speed and Automation.
RFID is on the Rise
Here are some key takeaways from recent surveys conducted by Zebra Technologies.
- 80% of Warehouse leaders say they’ll be using RFID for cycle counts and inventory validation by 2024.
- 91% of Manufacturers, 3PL providers, and retailers plan to invest in RFID inventory management systems by 2028.
- 60% of Warehouse leaders expect labor recruitment to be a challenge over the next five years.
- According to Auburn University RFID Labs, using item level tagging delivers an 80% improvement in shipping/picking accuracy.
- The Auburn University RFID Labs reported that systems leveraging item level tagging improve receiving time by 90%.
Investment in RFID is Rising
Global RFID Spending is forecast to increase by 62% over the next five years.
The increasing need for efficient asset tracking, better inventory management, improved production monitoring, and more efficient labor utilization are all key factors driving adoption of RFID systems, with global spending on tags, readers, software, and services expected to top $17.4 billion by 2026.
From improved accuracy to lower labor costs, businesses are looking to RFID solutions for a broad range of benefits.
Accuracy — RFID can eliminate human error and can provide inventory accuracy near 100% with pinpoint location information.
Speed — RFID can read hundreds of tags per second and update inventory systems instantly.
Automation — RFID allows you to capture data when and where you need it as your assets move through their daily operations.
At the end of the day, RFID is providing Higher Productivity, Improved Data Capture, Accelerated Processes, Improved Compliance, Enhanced Security and Better Asset Visibility.
Read the RFID on the Rise Infographic
The organizations that are taking advantage of modern RFID – and are able to implement it effectively – are reaping huge benefits. Learn more about A2B Tracking’s RFID Solutions.
A2B Tracking is a registered Zebra Advanced RFID Specialist.
