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RFID Supply Chain
Management |
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Increase In The
Number Of RFID Pilots And Projects And Greater Efficiencies In Supply
Chain Management Ensure RFID Growth In Asia Pacific
Other Topics: RFID Product
Development, RFID Research
Frost & Sullivan
July 9, 2007
Buoyed by the success of the increasing numbers of radio frequency
identification (RFID) pilots and projects in supply chains, end users
are becoming progressively keen on utilizing RFID in supply chains.
They are realizing that better visibility will aid the creation of a
more efficiently managed supply chain, which will enable them to
reduce their overall operational cost. They can achieve greater
efficiencies if the RFID project deployment takes place on an
end-to-end scale. |
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New analysis
from Frost & Sullivan www.autoid.frost.com, Asia Pacific RFID Supply
Chain Market, reveals that the market earned revenues of $170.3M in
2006 and estimates this to reach $646.3M in 2013.
“Presently, the key driver for RFID adoption in the supply chain for
the Asia Pacific market is compliance with mandates set by retail
giants located in the United States or Europe,” states Frost &
Sullivan Research Associate Richard Sebastian. “Once end users begin
to realize that RFID’s value extends beyond mere mandate compliance,
this technology is expected to experience large-scale adoption.”
An increasing number of mandates in Asia Pacific will indirectly spur
RFID adoption in the supply chain within this region. Other companies
and organizations in this region are expected to announce new mandates
once they deploy RFID within their own supply chain.
Furthermore, the ratification of standards and frequency allocation
for RFID technology will make it more feasible for end-user adoption.
As costs gradually come down, more end users will be able to afford
RFID in their supply chain, ensuring the technology thrives in the
Asia Pacific supply chain market in the next few years.
“To build on this greater interest in RFID, all parties involved with
it need to better educate end users about its actual benefits, without
over-hyping it,” remarks Sebastian. “Although end users more or less
understand what RFID technology is on a general level, they are unable
to comprehend how RFID can transform their supply chain to be more
efficient, and hence, earn them ROI.”
However, end users need to conduct feasibility studies and plan
cleverly to restructure the entire business processes to accommodate
this technology. Without proper planning, they will not be able to
reap the full benefits that RFID has to offer to their supply chain.
If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an
overview of the Asia Pacific RFID Supply Chain Market, then send an
e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com,
with your full name, company name, title, telephone number, fax
number, and e-mail address. We will send you the information through
e-mail upon receipt of the above information.
Asia Pacific RFID Supply Chain Market is part of the Automatic
Identification and Security Growth Partnership Service, which includes
research services in the following markets: RFID, Security, and
Biometrics. All research services included in subscriptions provide
detailed market opportunities and industry trends evaluated following
extensive interviews with market participants. Interviews with the
press are available.
About Frost & Sullivan
Frost & Sullivan a global growth consulting company, has been
partnering with clients to support the development of innovative
strategies for more than 40 years. The company's industry expertise
integrates growth consulting, growth partnership service, and
corporate management training to identify and develop opportunities.
Frost & Sullivan serves an extensive clientele that includes Global
1000 companies, emerging companies, and the investment community by
providing comprehensive industry coverage that reflects a unique
global perspective and combines ongoing analysis of markets,
technologies, econometrics, and demographics. For more information,
visit www.frost.com. |
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