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CPG Firms Still Doing Minimum for RFID Mandates: Report

CPG companies required to participate in mandated RFID programs like that of Wal-Mart Stores are still making minimum investments to satisfy their business partners, according to a new report from Diamond Management & Technology Consultants.

CHICAGO — CPG companies required to participate in mandated RFID programs like that of Wal-Mart Stores are still making minimum investments to satisfy their business partners, according to a new report from Diamond Management & Technology Consultants here. The report, “Keeping RFID’s Long-Term Potential in Sight,” also said companies not involved in compliance-related initiatives “become increasingly skeptical about the benefits this technology offers, and many are taking a wait-and-see approach.” On the other hand, the report said, closed-loop RFID systems for such applications as in-store inventory tracking and asset management “give companies a cost-effective entry point to RFID and help firms obtain a much quicker return on investment.”

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