RFID technology has the potential
- to make logistical processes more transparent
- to secure goods in transit
- to reduce losses in revenue
Despite current political developments, globalisation continues to advance rapidly, and the field of logistics is one of the strongest engines of global commerce. The focus no longer lies on simply transporting goods from one place to another – the possibilities have become more varied and the requirements of senders and recipients more demanding. Digitisation has opened up a range of possibilities for global supply chains all the way to the recipients. However, these dynamic developments do not come without side effects or risks.
The number of forfeited or manipulated goods – ranging from spare parts to brand textiles – is increasing globally, causing enormous financial losses for brand owners. For the EU countries alone, according to the European Union Intellectual Property Office (EUIPO), these losses amount to approximately 60 billion euros per year. In addition to these financial losses, customers might turn away from the brand due to loss of trust.
RFID & Wireless IoT Global interviewed Ralf Kodritsch of NXP Semiconductors and talked about the conflicts occurring in global supply chains, same-day-delivery goals, and real-time information made possible by and improved through RFID technology.
Ralf Kodritsch, Director Global Segment Manager RFID Solutions, NXP Semiconductors, in an interview with RFID & Wireless IoT Global