2012 is predicted to become a “tipping point” for RFID technology in the retail sector, according to a new study from the VICS Item-Level RFID Initiative (VILRI).
Studies show that item-level adoption of RFID is gaining a lot of attention. Some of North America’s largest retailers have already begun to initiate pilots using RFID to track inventory and item sales in their stores. And we can expect most other major apparel and footwear retailers to adopt RFID technology in some aspect of their business within the next three years.
Research and business cases from the report highlight RFID technology and how it can create a competitive for early adopters, by giving them better inventory accuracy, visibility and insight, and enable them improved in-stock positions and increase sales.
The study, titled “RFID Nears a Tipping Point”, includes input from Accenture and a survey of 58 suppliers and 56 retailers in North America.