Reports by Market Research Firm IDC Show that More and More European Firms Are Drawing Advantages By Using RFID Technology

A study on "The Status of RFID in Western European Verticals", was done during March and April, 2005. There were over 286 respondents, primarily, CIOs and IT managers, from across the continent of Europe. The key findings of this study were later published. As per the reports, over 66% of all the respondents said that there was improved inventory management and control over inbound logistics, as a result of RFID. Almost 70% of the respondents from domains belonging to discrete and retail or wholesale; believed that loss prevention was another important benefit. About 80% of process manufacturers and 67% of logistics/ transport providers cited that pallets tagging was the primary goal behind adopting RFID. More than 50% of the discrete manufacturers showed an interest in using RFID for tracking returnable assets like containers, trailers, pallets and reusable packaging. Less than 1% of the companies who have run pilots using RFID, did not follow up with implementation. Logisticsmgmt.com reports:

This survey’s results contradict those from a study done by U.K. analyst Analytiqa, which found that reluctance among European third-party logistics to deploy RFID was threatening to slow down RFID deployment in supply chains across Europe.