Finally, five o’ clock has rolled around at the end of a long day. After gathering your laptop, notes and sunglasses, you are greeted at the front door of your office by a clap of thunder and a torrential downpour. You see your car about 20 feet away and before you begin to negotiate the puddles and lightning, you pull your key fob from your pocket, unlock the driver’s side door and count your lucky stars you don’t have to fumble with your keys and briefcase trying to fit the key into the door lock as you become inundated with rain. This is just one of the modern conveniences made possible by radio frequency identification technology, or RFID. Even though the shoes on your feet are now saturated, thanks to RFID tags your footwear and apparel supply chain doesn’t need to end up underwater.
The challenges posed by today’s hyper competitive landscape in the footwear and apparel sector can be met through a number of ways. RFID technology makes two of the most crucial possible: lowering costs and increasing visibility. The fact that this technology offers the opportunity to meet these critical objectives is evident in IDTechEx’s forecast that the apparel RFID market will grow to over $1 billion by 2021. This is an increase from only $36 million in 2010. Let’s take a closer look at how RFID tagging can enhance supply chain accuracy through decreasing cost and increasing transparency.