March 30, 2004
Forrester Research Projects RFID Costs
Forrester Research's report, "RFID: At What Cost?" estimates RFID start-up costs at approximately $9 million for a typical Wal-Mart supplier. Bad news for Wal-Mart: Forrester estimates that only 25% of suppliers will be able to meet the January 1, 2005 deadline.
According to Business Wire:
"'There is no business case for most suppliers in the short term,' says Forrester Research Senior Analyst, Christine Overby. 'The technology is not ready and there is a lack of deep expertise in the industry to help suppliers implement RFID.' ...
"The report recommends that Wal-Mart redefine the scope of its RFID mandate, by narrowing the scope of products to those with limited amounts of metal and liquid." Read more
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