As much as IoT is the buzzword of consumer electronics, it will quickly become a critical part of the electronics supply chain as companies use sensors to maximize efficiency of various business tasks and integrate that information into a strategic advantage.
Consumers who use Postmates' on-demand delivery service now have the opportunity to buy core products from American Apparel. The service takes advantage of the passive ultrahigh-frequency (UHF) RFID tags that American Apparel attaches to all of its merchandise, enabling Postmates to identify which items are available within an individual customer's geographic area.
If you had an unlimited budget and little need for sleep, you could attend most (but not all) of the dozens of Internet of Things (IoT) events scheduled around the world in 2016. You'd not get much actual work done, but you'd hear a lot about what's possible when everything gets "smart and connected" and the new business opportunities that IoT will enable.
Automotive component and systems manufacturer Voestalpine Polynorm B.V. has begun employing radio frequency identification readers on an overhead crane to track up to 8,000 press tools that the crane transports within its warehouse and assembly plant in Bunschoten, the Netherlands.
Publix - a southeastern U.S. supermarket chain with 980 pharmacy locations - has entered into an agreement to use AmerisourceBergen's RFID-based drug-management system, known as Cubixx, to track specialty pharmaceutical products at the retailer's pharmacies.
Analyst Insight: With the consumer's hands firmly placed on the steering wheel, omnichannel retailing is driving the retail industry forward with record-breaking speed. Item-level RFID is fueling the journey by providing retailers with real-time inventory visibility, rich data insights, and a means for better trading partner collaboration - allowing for more efficient supply chain operations and ultimately, an enhanced customer experience. - Melanie Nuce, Vice President of Apparel and General Merchandise, GS1 US
Analyst Insight: The retail apparel market continues to lead the charge when it comes to deploying innovative technologies like RFID that allow for much higher inventory accuracy levels and can pave the way for omnichannel retail strategies. Both Inditex and H&M have made strong commitments to RFID technology, following in the footsteps of Macy's, long considered the leader when it comes to RFID and apparel. According to industry estimates, nearly 4 billion apparel items were tagged with RFID in 2015. - John Johnson, Senior Content Specialist, Gartner Supply Chain