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The Benefits of Radio Frequency Identification (RFID)

Published: Oct 24 2018
About the Author
Scott Moon
Scott Moon

Each year the National Retail Federation (NRF) publishes the shrinkage realized within the all aspects of the retail industry.  With shrink consistently hovering around 1.4%, tightening margins require that retailers become more creative to sell enough goods to cover this loss.  When you apply this percentage against the industry revenue, what appears to be a manageable number equates to an estimated $46.8B in 2018. 

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