Wednesday, October 12, 2005

RFID gaining investment momentum

"Evidence suggests that radio frequency identification (RFID) is clearly moving forward. Despite implementation challenges and adoption risks, development continues at a brisk pace and an increasing number of end users are evaluating the technology. From a supply chain perspective, the key driver has been "the mandates," primarily driven by Wal-Mart and the U.S. Department of Defense (DoD). EPC Global also is playing an important role by advancing industry-specific work groups. In addition to supply-chain opportunities, there is significant RFID momentum in safety and security, most notably in the pharma and government markets." Source: wisetechnology.com