The radio frequency identification technology (RFID) had already witnessed an increase in its adaption across different verticals before the COVID-19. The pandemic, however, has made RFID an indispensable technology for certain industries to not just wade through the crisis but also to prepare for a post-COVID era. From cashless transactions to inventorytracking, RFID is extensively leveraged today for its effectiveness in contactless data and asset management systems. As the crisis continues to wreak havoc, RFID is touted as the perfect technology in these uncertain times.
From the healthcare sector to retail and manufacturing, RFID is playing a crucial role in supply chain management and control. The adoption of RFID by a large number of logistics players across industries has been instrumental in streamlining supply chain operations during this crisis. On-location data can be shared by RFID tags through a secure cloud connection, enabling the tracking of freight in a real-time milieu. RFID also helps in substantial cost optimization and loss prevention by augmenting inventory accuracy levels and enhancing inventory tracking mechanisms. In particular, RFID is enabling hospitals and medical clinics to maintain a robust and efficient supply chain in this crisis.
The combination of RFID and blockchain technology is also expansively used across different supply chains to prevent counterfeiting and potential fraud. The combination of the two can enhance visibility and reduce errors by removing the human factor from the equation. It has become specifically useful in the tracking and authentication of medicines, vaccines, test kits, personal protection equipment (PPE) kits, and other goods across the supply chains by preventing counterfeiting or tampering.
With the ever-increasing demand for RFID, its features and capabilities will continue to grow to bring down its cost even further. At this juncture, there are a variety of RFID solution providers available in the market that caters to the different needs of the enterprises. To help them choose the solution that best fits their requirement, CIO Applications has compiled the list of the top 10 RFID solution providers. The enlisted solution providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIO Applications’ “Top 10 RFID Solution Providers – 2020.”