Apparel Industry Expected to Enhance Growth Opportunities within RFID Market, Finds Frost & Sullivan

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• Publié par: frost-sullivan
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• Langue: English

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Apparel Industry Expected to Enhance Growth

Opportunities within RFID Market, Finds Frost

& Sullivan

PR Newswire

MOUNTAIN VIEW, California, May 30, 2012

-

A prominent shift from pallet and case to item-level tagging leads to the

projected success of the market

MOUNTAIN VIEW, California

,

May 30, 2012

/PRNewswire/ -- Radio-frequency

identification (RFID) pilots used to ease the transition into item-level tagging

within the apparel industry is expected to drive demand for this market. The

expanding implementation of RFID provides complete automation of various

processes involved along the supply chain. This results in better inventory

visibility, greater supply chain management, improved sales, better customer

service, and negates the impact of counterfeit products. In addition, mandates

from large retailers to their suppliers to implement item-level tagging are also

driving the growth.

New analysis from Frost & Sullivan (http://www.electronics.frost.com),

RFID

Market in Apparel Supply Chains

, finds that the market earned revenues of

$420.6 million

in 2010 and estimates this to reach

$1478.1 million

in 2017, with

a wide-spread implementation of RFID technology into the apparel industry

globally.

If you are interested in more information on this research, please send an

email to Jeannette Garcia, Corporate Communications, at

[e-mail], with your full name, company name, job title,

telephone number, company email address, company website, city, state and

country.

Availability of products in the correct size and color is a perennial issue for

apparel suppliers. This is caused by the lack of information and communication

along the whole apparel supply chain. As this has a direct bearing on customer

service levels, apparel suppliers are opting for RFID technology in order to

manage their business processes.

"The need for business process management is expected to drive demand for

RFID within the apparel industry," said Frost & Sullivan Research Analyst Ram

Ravi.

Customers in the apparel industry are generally conservative toward the

adoption of new technologies. This can be attributed to several factors

including the price, lack of knowledge, lack of business case and understanding

about the technology. Although RFID in apparel has developed over some

years, several customers are still unaware of the technology and its benefits.

"A key aspect behind retailers' apprehension is the cost associated with the

implementation of the technology, as they operate on low-profit margins," said

Ravi. "Suppliers need to provide a wide array of products and solutions catering

to the individual needs of their customer and also provide training and services

such as technical consulting to educate their customers about the benefits of

the technology."