Wal-Mart to require RFID tagging from Chinese suppliers

From RFID News: “Retail behemoth Wal-Mart will require its Chinese suppliers to use RFID tagging to label shipments as of January 2009. Stricter requirements began to be introduced in October of this year, but by next year, the standards will effect all of Wal-Mart’s more than 1,000 Chinese suppliers. RFID tagging is expected to cost the suppliers roughly 20 times more than the bar-coding system now in place, but the changeover offers the retailer major benefits. It is estimated that the introduction of RFID technology to Wal-Mart’s supply chain will save the company up to $8.35 billion annually as well quickly providing important product information.” Wal-Mart to require RFID tagging from Chinese suppliers

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