Impinj’s Post

UNIQLO easily has the best self-checkout system 🛍️ It’s an open bin that automatically tallies clothing items based on RFID tech. The Japanese firm — with annual sales of ~$19B — started the transition in 2014 but rolled it out widely in recent years. Why? The price of RFID chips has fallen to $0.04 per piece (from $0.60 a decade ago), which allowed the fast fashion giant to embed it into billions of clothing items. Per The Wall Street Journal, there are 4 types of tags (“hanging tags, waist tags, sticker tags for packaged goods and header tags for those socks”). Uniqlo actually started investing in RFID chips and hardware to better track inventory and supply chain movements. Now, 70-90% of in-store purchases are self-checkout by RFID. And checkout times are 50% faster vs. with a cashier. Have you used Self-Checkout Tech before? ---- 𝗣.𝗦. If you liked this and learned something👇 👍 please hit the like button ♻️ repost it with your network 🌟 follow me Mehmet Karakus for more  It’s all free but means a lot to me.

𝗬𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗶𝘀 𝗶𝗻 𝗯𝗶𝗴 𝘁𝗿𝗼𝘂𝗯𝗹𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗮𝗱𝗮𝗽𝘁𝗶𝗻𝗴 𝗥𝗙𝗜𝗗! What do Uniqlo, Zara, Decathlon, and WalMart know that you can not see? 𝗥𝗲𝗮𝗱 𝗧𝗵𝗶𝘀:  “A retail chain, thriving for decade suffers from unprecedented chaos in the holiday season, their most lucrative time of year. Shelves are empty, customers are irate, and sales are plummeting. Behind the scenes, the problem is clear – their outdated inventory system has failed them at the worst possible time. The company's decision to stick with manual tracking and barcodes, ignoring the rise of RFID technology, has led to massive discrepancies in inventory data. Popular items expected to be in stock are nowhere to be found, while the warehouse overflows with unsold merchandise. The situation worsens as competitors, who had adopted RFID technology, seamlessly managed their inventories and catered to the holiday rush, stealing away frustrated customers.” 𝗟𝗲𝘀𝘀𝗼𝗻 𝗟𝗲𝗮𝗿𝗻𝗲𝗱: 𝗗𝗼𝗻’𝘁 𝗶𝗴𝗻𝗼𝗿𝗲 𝗥𝗙𝗜𝗗 𝗜𝗳 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝗿 𝘀𝘁𝗼𝗿𝗲 𝗴𝗼𝘁 𝗥𝗙𝗜𝗗 𝗵𝗲 𝗵𝗮𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗵𝗶𝘀 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲. 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀 𝗼𝗳 𝗜𝗴𝗻𝗼𝗿𝗶𝗻𝗴 𝗥𝗙𝗜𝗗 𝟭. 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗚𝗮𝗶𝗻𝘀 𝟮. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆 𝟯. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝟰. 𝗜𝘁 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁𝗶𝗮𝘁𝗲𝘀 𝗬𝗼𝘂 𝟱. 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝟲. 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗦𝗮𝘁𝗶𝘀𝗳𝗮𝗰𝘁𝗶𝗼𝗻 𝟳. 𝗖𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲 𝗕𝗼𝗼𝘀𝘁 (𝘀𝗲𝗹𝗳𝗶𝘀𝗵 𝗜 𝗸𝗻𝗼𝘄) 𝗚𝗲𝘁 𝗥𝗙𝗜𝗗 𝗻𝗼𝘄! 𝗦𝗵𝗼𝘄 𝗼𝗳𝗳 𝘄𝗵𝗮𝘁 𝘁𝗵𝗶𝘀 𝗴𝗿𝗲𝗮𝘁 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗰𝗮𝗻 𝗱𝗼 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀. #Innovation #LinkedInGrowth #MarketingStrategy #44North #linkedingrowth #marketing #linkedinsales #businessgrowth #resultdriven #consultancy #RFID #retail

"mandate" - an official order to do something. This word has such negative connotations. Walmart mandated that its suppliers attach RFID tags to merchandise supplied to them. The result ? "Players within Walmart’s supply chain, in particular, have reported a strong double-digit increase in demand as a direct result of the mandate." Better sell through's, reduced shrink, bigger (or more targeted) orders and lower markdown contributions are some of the benefits suppliers are reaping from the "mandate". I suggest we change the narrative from a mandate to a partnership. If retailer asks a supplier to RFID tag, this will lead to a win-win. A win for the retailer and the supplier - that's a true partnership. #RFIDisBAU #thehighcostofdoingnothing

The data that RFID implementations have provided suggests that any retailer working to improve the customer experience (aka... knowing what you own, unified fulfillment, Analyst OTB/ FCST) must consider this a solution.

Delve into focused insights on the U.S. retail bags market for 2024-2029. With a value of USD 3.55 billion in 2023, this market is set to soar to USD 4.23 billion by 2029, boasting a steady CAGR of 2.97% during the forecast period. This growth is fueled by evolving consumer preferences, e-commerce trends, and sustainability considerations. As shoppers prioritize convenience and eco-consciousness, the demand for retail bags undergoes a transformative surge. But it's not just about carrying goods anymore—technology takes center stage. Smart packaging solutions featuring RFID tags, QR codes, and interactive elements redefine the shopping experience, bridging the gap between physical and digital realms. In the era of booming e-commerce, the U.S. retail bags market is experiencing a seismic shift. The rapid rise of online shopping fuels demand for packaging solutions tailored for effective shipping and handling, reshaping retail logistics. Amidst the bustling market, one segment shines brighter: the custom product segment. Boasting the fastest CAGR of 3.43% during the forecast period. Some companies that are currently dominating the market are Inteplast Group, International Paper, Smurfit Kappa, Novolex, and Sigma Plastics Group. Know more https://ow.ly/5HUA50RiJt6 #USretailbagsmarket #retailbagsmarket #bagsmarket #ariztonresearchreveals #focusreportsbyarizton #marketresearch #researchreport #marketinsights #markettrends #marketsize #marketshare #marketgrowth #marketforecast #marketexpansion #consumergoodsandretailtech #consumergoods #retailtech

Uniqlo's 🛍️ self-checkout system at its Fifth Avenue store utilizes RFID technology, eliminating manual scanning. Led by CIO Takahiro Tambara, Fast Retailing has integrated RFID chips into price tags since 2017 to optimize supply chain efficiency. The declining costs of RFID tags and improved reader hardware have driven widespread adoption across the retail sector. Uniqlo's investment in RFID has reduced out-of-stock items and improved customer satisfaction, with checkout wait times halved ⏳. Companies like Inditex and Decathlon are also leveraging RFID for inventory management and checkout processes. 🚀 Moreover, Indian retailers and brands are increasingly evaluating and adopting RFID technology to enhance their operations and customer experience, recognizing its potential in streamlining inventory management and meeting consumer demands. Read more here - https://lnkd.in/guNdZTMs Hashtags - #RFID #UNIQLO #Technology #SupplyChain #Retail

Walmart's mandate is revolutionizing retail by setting a new inventory management and loss prevention standard. By requiring RFID tags on products, Walmart is leading the charge in improving efficiency, boosting customer satisfaction, and minimizing losses. At InThing Corp, we are excited to integrate these cutting-edge RAIN RFID technologies into our solutions, ensuring operations are as efficient and secure as possible. As industry leaders like Walmart demonstrate the power of RFID, we are committed to easily streamline the adoption and integration of these innovations to safeguard your assets and streamline the supply chain. Learn more about how we're leveraging RFID technology for a smarter, more secure retail environment! Link: https://lnkd.in/dXYAfyub #RetailInnovation #LossPrevention #RFID #SupplyChainExcellence #Walmart #RAINRFID #Impinj #RetailTransformation #InThing

With the rise of #onlineshopping and increasing competition, retail businesses cannot afford to overlook #inventory issues. Our latest report reveals that 50.2% of potential sales were lost due to product unavailability or poor findability. This issue is especially severe in sectors such as Home Improvement (24.9%), Electronics (21.8%), and Clothing (18.3%). For more insights, download and read the full report here - https://lnkd.in/gKiSyjGb #report #retailinsights

Exciting news in the world of footwear and apparel technology! One of the most interesting technologies to roll out is the use of RFID to allow for individual item scanning within a container. This not only saves time, but also ensures 100% accuracy without having to manually count hundreds of items. My company already implemented this technology years ago for QA checks on ocean container boxes and it's amazing to see it now being used for individual cartons of shoes or garments. The cost and technology have improved significantly, making this a game changer for the industry. Have you seen any other innovative technologies in footwear and apparel? Let's discuss in the comments below. #RFIDtechnology #footwearindustry #apparelindustry #innovation #supplychainbrain

Don't miss out on an insightful session at RFID Journal LIVE! where Senthilkumar CP, Director of Research and Technology at the RFID Lab, Auburn University, will share valuable insights on expanding RFID deployment beyond apparel categories. Gain a comprehensive understanding of lessons learned from major retailers as they scale up RFID usage across critical retail departments. From source tagging to reader infrastructure and supplier engagement, discover key strategies for successful implementation. Register now to join the discussion at www.rfidjournallive.com #RFIDJournalLIVE #RFID #RetailInnovation #SupplyChain #TechnologyImplementation #SupplyChainManagement #Merchandising #RetailTech #RetailTechnology #RetailSolutions #ApparelIndustry #LocationIntelligence