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Nearly half (48 percent) of the manufacturers surveyed said they are currently implementing RFID, and another 21 percent planned to implement RFID within the next 12 months. Additionally, some 18 percent planned to implement RFID over the next 13-24 months. Respondents reported that four in 10 items made by apparel and general merchandise manufacturers have RFID tags.
Of the retailers surveyed, 57 percent reported that they are currently implementing RFID, 19 percent planned to implement RFID within the next 12 months, and another 10 percent plan to implement RFID in 13-24 months. On average, some 47 percent of items received by apparel and general merchandise retailers come with RFID tags.
“These findings show that the retail industry is nearing an RFID adoption and usage tipping point,” said Dr. Bill Hardgrave, dean of the Harbert College of Business and founder of the RFID Lab at Auburn University. “RFID is no longer just something proven in concept—it is providing tangible results for manufacturers and retailers, and provides the inventory accuracy that omni-channel retailing demands.”
For manufacturers, RFID has been proven to offer multiple benefits, including reinforcing authenticity, decreasing inspection costs, reducing shrinkage and enhancing logistics accuracy. For retailers, RFID provides greater than 95 percent inventory accuracy, improved sales, decreased out-of-stocks, increased margins and expedited returns, according to Auburn University research.
