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

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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 jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

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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
jeannette.garcia@frost.com, 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."