Executives from Wal-Mart are expected to aggressively push for the adoption of RFID technology during a presentation at an upcoming event for retailers, suppliers and distributors, sources said. Wal-Mart's endorsement of RFID gives an important...
Industry analysts expect spending on RFID chips to surge in the next few months, possibly even fuelling a new tech investment boom, with huge retailers such as Wal-Mart looking to have RFID supply chain systems in place by 2005.
P&G is already piloting product tracking programs with customers such as retail giant Wal-Mart Stores, which has demanded that its suppliers have some level of RFID technology in place by 2005 so the company can better manage its own massive...
His comments come as commercial giants Albertsons, Wal-Mart Stores and Target are drawing up plans for wide-scale use of RFID systems to monitor merchandise in its path from the factory to cash till, and possibly beyond.
One such benefit is that RFID means better supply chain visibility and that means less out of stock items - which Wal-Mart estimate as comprising about 8.3 per cent of items worldwide. Wal-Mart, remember, were so enthusiastic about the technology...
Perhaps the most discussed project due to its sheer size is Wal-Mart in the US, which has been trialling RFID in its Texas stores, and which has placed a deadline of next January on all suppliers to use RFID tags within its supply chain.