Today's announcement by the Food & Drug Administration (FDA) that it will use radio frequency identification (RFID) technology to combat counterfeiting of drugs is great news for the technology and companies that have been diligently working for years to make this technology more widely available by reducing the cost of manufacturing and deployment. According to the FDA, it is committed to the use of RFID by the U.S. drug supply chain by 2007.
As many of you know, RFID technology has been around for many years but only after aggressive efforts of Wal-Mart and consumer packaged goods companies like Gillette, P&G, and others, it has been relatively recently deployed on a big scale. The main barrier was its cost which is starting to come down now. Many experts believe that RFID tags will eventually displace bar codes.
While you may not be in the pharmaceutical or consumer packaged goods business but that does not mean that you will be untouched by RFID technology. Hence, it is a great time to conduct an impact assessment study for your business and identify both opportunities and threats.
Recommended article: What is your RFID strategy?
As many of you know, RFID technology has been around for many years but only after aggressive efforts of Wal-Mart and consumer packaged goods companies like Gillette, P&G, and others, it has been relatively recently deployed on a big scale. The main barrier was its cost which is starting to come down now. Many experts believe that RFID tags will eventually displace bar codes.
While you may not be in the pharmaceutical or consumer packaged goods business but that does not mean that you will be untouched by RFID technology. Hence, it is a great time to conduct an impact assessment study for your business and identify both opportunities and threats.
Recommended article: What is your RFID strategy?