Executive Briefings

Use of RFID Has Risen Dramatically in Last Four Years, Survey Finds

Cybra, a barcode and RFID software provider, has announced the results of a survey illustrating that the use of radio frequency identification has increased significantly during the past four years. Specifically, the number of responding companies that indicated they were using the technology rose by 157 percent since a similar survey carried out in 2008. The study was conducted with 153 businesses, about half of which were Cybra customers.

All companies surveyed were located within the United States, varying in revenue size, as well as in industry, says Sheldon Reich, Cybra's vice president of solutions - though a large percentage of respondents were retail-based, since the majority of Cybra's customers are in the apparel or other retail space. The RFID growth reported by respondents, he notes, indicates that item-level tagging for the retail sector is on the rise, largely the result of mandates. However, he adds, much of that growth is also taking place within companies operating a closed-loop supply chain, selling the products they make within their own stores.

The survey found that 70 percent of responding companies either use or plan to use RFID, with 54 percent currently utilizing the technology. Nineteen percent of respondents reported having no plans to implement RFID.

Of those taking the survey, 81 percent indicated that they expected to recoup their investment in RFID within three years, while 56 percent anticipated a return on investment within two years.

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All companies surveyed were located within the United States, varying in revenue size, as well as in industry, says Sheldon Reich, Cybra's vice president of solutions - though a large percentage of respondents were retail-based, since the majority of Cybra's customers are in the apparel or other retail space. The RFID growth reported by respondents, he notes, indicates that item-level tagging for the retail sector is on the rise, largely the result of mandates. However, he adds, much of that growth is also taking place within companies operating a closed-loop supply chain, selling the products they make within their own stores.

The survey found that 70 percent of responding companies either use or plan to use RFID, with 54 percent currently utilizing the technology. Nineteen percent of respondents reported having no plans to implement RFID.

Of those taking the survey, 81 percent indicated that they expected to recoup their investment in RFID within three years, while 56 percent anticipated a return on investment within two years.

Read Full Article