The “Unlock Tomorrow With RFID Technology” event marked a new trend in supply chain process – RFID technology.
During the “Unlock Tomorrow with RFID Technology” event held in Ho Chi Minh City on March 7th, 30 invitees from key links of the supply chain, including GS1 Vietnam, buyers, vendors, logistics partners, and technology experts, gathered to discuss the various aspects of RFID technology and its impact on different industries. The presence of these guests provided momentum for implementing advanced solutions for a sustainable supply chain in the future.
In reality, the fashion and retail industries are constantly evolving and demanding transparency, efficiency, and cost optimization to maintain competitiveness. Technology serves as a catalyst for communication among supply chain partners, promoting responsible and sustainable production.
The event featured Dan Entac – Managing Director of TradeLink Technologies, who has devoted over 25 years to supporting more than 12,000 manufacturers, hundreds of brands, and logistics partners with technology solutions. During the workshop, Dan shared, “TradeLink provides a complete set of packing and shipping solutions to help our customers maximize efficiencies in their supply chain. – an automated process with 100% accuracy, supported by a professional team available 24/7.”
Dan also revealed impressive figures: “US Retail Companies make about $135 Billion in Profit while US Retail Companies chargeback about $35 Billion.” Businesses are aware that chargebacks costs correspond to packing errors. The first benefit of RFID is accuracy. According to TradeLink’s survey, barcode scanning technology only increases packaging accuracy from 35% to 95%, while RFID technology has helped TradeLink’s customers achieve 99.9% accuracy. The second benefit lies in time-saving; RFID allows scanning of tens or hundreds of products in just a few seconds, enhancing the likelihood of shipments being delivered on time. Serialization is one of the most important benefits mentioned by the TradeLink team: “We’ve helped brands provide a unique identity for each product using RFID. This identity accompanies the product throughout its lifecycle, helping brands combat the gray market that is prevalent today.”
The event showcased the practical advantages of RFID technology, covering essential aspects like accuracy, speed, the gray market, transparency, visibility throughout the supply chain, and the story of cost optimization. GS1 Vietnam also joined the workshop, engaging in discussions on information security, a longstanding priority for TradeLink. During the session, the TradeLink team demonstrated cutting-edge solutions including RF Scan, Scan and Load, and Raw Material Management. Attendees had the opportunity to experience and contrast traditional scanning methods with the superior efficiency of RFID scanning technology.
At TradeLink Technologies, we lead the charge in supply chain solutions. We’ve successfully integrated RFID technology into the scanning and packing process at factories. To delve deeper into the realm of RFID and its application within your business, reach out to us at www.tradelinkone.com
