The world market in radio frequency identification (RFID) technology for retail generated revenues of more than $400m (£2,265m) last year and are expected to increase to more than 10 times that figure by 2011, new research has revealed.
Radio frequency identification trailblazer Wal-Mart has urged SMEs to adopt the technology, insisting that it is not only big business that stands to gain.
Astrazeneca sees the adoption of radio frequency identification (RFID) by its supply chain as vital to counter the increasing threat of organised crime in counterfeiting pharmaceutical products.