POSCO, one of the world’s leading steelmakers, has deployed an RFID-based logistics system to streamline critical operational processes, provide its customers with real-time product information and improve packaging and shipping accuracy. It will soon begin tagging more than 2 million products annually.
Download the latest newsletter
The benefits of using RFID in the retail sector are well documented. Sales gains of 10 percent ore more have been reported from improved inventory accuracy and reduced out of stocks. In addition, retailers see sales uplift from enhanced consumer engagement through applications like RFID-enabled mirrors. However, the advantages for apparel brands are becoming noteworthy [...]
RFID technology is not only changing how cars are built, but also how they are driven. The tolling industry has long relied on RFID transponders to ease congestion at toll booths. In the U.S., this is primarily done through bulky transponders that attach to car windshields. However, RFID tags are being embedded into windshields and [...]
Technology and industrial companies continue to throw billions of dollars at the Internet of Things with the hope of chasing the $250 billion market that the IoT is predicted to be worth by 2020. The latest to enter the fray is SAP, which will invest $2.2 billion over the next five years to boost its [...]