The adoption of IoT technology continues to expand across industries, a trend that was clear at NRF’s Big Show earlier this January. According to this WIoT Group article, “…wireless IoT complements RFID to deliver continuous, actionable intelligence. RFID remains a strong foundation for item identity
According to this GlobeNewsWire article, “…inventory inaccuracy remains one of retail’s most persistent and costly challenges, leading to lost sales, inefficient labor, and cancelled omnichannel orders.” However, with overhead RFID solutions, on-shelf availability is near 100%.
According to this Technology Org article, “…retail’s future lies not in retreating before e-commerce but in becoming more responsive, efficient, and data-driven than digital-only channels.” With the support of IoT technologies—such as electronic shelf labels, connected sensors, and real-time data platforms—retailers can improve in-store efficiency.
Many high profile retailers have recently rolled out RFID technology to improve inventory accuracy levels. According to this RetailWire article, the “[a]doption of RFID on selling floors has been increasing as costs have come down for RFID chips and readers, as well as due to mandates
Walmart is making waves amongst the retail world, due to an expansive Internet-of-Things overhaul at their retail stores. According to this RetailWire article, “…the introduction of a large-scale inventory operation, one involving the deployment of a massive number of internet of things (IoT) devices throughout
Retailers are now seeing mobile point-of-sale as more than a convenience, but as a key driver for updating their in-store technology. In this Retail TouchPoints article, Nikki Baird of Aptos observed that retailers are “finally investing in
Many companies are implementing RFID technology to make it easier to track products and improve how their supply chains operate. According to this SDCExec article, “Radio Frequency Identification (RFID) technology is transforming supply chain and logistics operations by providing unprecedented visibility, efficiency, and control.”
According to a recent HFA article, “RFID technologies help retailers improve revenue and cost performance via better shrinkage reduction, more accurate inventory management (potentially reducing the number of out-of-stock occurrences), and lower labor costs.”
According to this article by ISN Magazine, “[r]etail theft remains a significant concern globally, with varying impacts across countries. The past decade has seen both an escalation in theft incidents and a corresponding increase in investments toward advanced prevention technologies.”
According to a recent article by The Fast Mode, “[r]etail is undergoing a major shift, with automation taking center stage.” And the thing that is making that happen is reliable IoT connectivity. “From self-checkouts and smart vending machines to digital kiosks, retailers are integrating self-service
It’s no secret that the retail world is undergoing major changes. A big driver of those changes are retailers implementing the latest IoT technologies at their brick-and-mortar facilities. According to this RFID Journal article, “84 percent of shoppers prefer using self-service kiosks, yet the success of
With the plethora of convenient shopping options available today, many retailers are working hard to ensure their brick-and-mortar stores remain competitive and convenient by offering self-serve commerce options. According to this PYMNTS article, 53% of shoppers “prefer self-checkout, citing shorter lines, frictionless payment options and privacy.”