“Rapid E-Commerce Expansion Boosting RFID Tag Demand”
- One prominent trend in the LATAM RFID tags market is the rapid e-commerce expansion boosting RFID tag demand
- This technology enables real-time inventory tracking, automates warehouse operations, and streamlines last-mile delivery
- For instance, in September 2024, a study by Reuters outlined Brazil's Pix payment system was set to overtake credit cards in e-commerce by 2025, growing faster than expected. Launched in 2020, Pix became widely used for instant, free transactions, driving financial inclusion and increasing merchant adoption
- The increasing reliance on digital payments and efficient logistics solutions is accelerating RFID adoption across industries. RFID technology is revolutionizing e-commerce by improving inventory management, optimizing order processing, and ensuring faster deliveries
- Its integration in warehouses and logistics hubs minimizes errors, enhances tracking accuracy, and boosts operational efficiency
