RFID technology isn’t new. In fact, the concept has been around since World War II and more recently used in airports, retail, and meat and livestock industries.
Manufacturers have talked about it, but never quite took the plunge.
However with the future of automation in manufacturing dependant on the limited capabilities of barcoding, development of RFID technology has scaled quickly, with large best in class organisations taking the leap first and enjoying the rewards on the other side.
European forecasts predict that RFID use (tags purchased) is set to grow to 86.7 million by 2022, up from 3.22 million in 2012, and in Asia, companies surveyed said they are proceeding with RFID plans for two major business reasons; asset tracking and improved supply chain visibility.
And as for Australia? It seems that the high cost of investment hasn’t stacked up equally with the supposed benefits, which have always sounded great on paper, but lacking in real world evidence.
Even now, despite emerging case studies, RFID is considered a risky technology. However, with the potential to aid efficiency, cut costs, and improve supply chain visibility, it is a risk that Australian manufacturers must be brave enough to take.