Latest Developments in Latam Rfid Tags Market

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Latest Developments in Latam Rfid Tags Market

  • Semiconductors and Electronics
  • Apr 2025
  • Country Level
  • 350 Pages
  • No of Tables: 235
  • No of Figures: 26

  • In January 2023, as per CDW LLC, retail leaders highlighted how RFID technology transformed inventory management, loss prevention, and supply chain visibility. Companies like fast retailing and LVMH used RFID to track products, prevent theft, and enhance customer experiences. Lowe’s implemented RFID-enabled security for power tools, while frictionless checkout solutions improved shopping convenience. The technology increased real-time inventory accuracy to 98%, boosting operational efficiency. In logistics, RFID’s ability to automate tracking and streamline supply chain processes drove its market growth, reinforcing its role in digital transformation across industries
  • In October 2024, Impinj opened its first RAIN RFID and IoT research and development office in Porto Alegre, Brazil, within PUCRS’s Tecnopuc. This expansion aimed to strengthen Impinj’s presence in the region by growing its engineering team and supporting its decade-long commitment to Brazil’s market. The new office contributed to the development of Brazil’s RFID market by fostering innovation, enhancing local expertise, and encouraging wider adoption of RAIN RFID technology in logistics, retail, and supply chain sectors
  • In November 2022, as per Universal Postal Union, Correios Brazil implemented RFID tags on postal cargo containers with support from UPU and GS1 to improve tracking efficiency. Around 2,000 RFID readers were installed at sorting hubs to automate parcel monitoring. The system reduced manual barcode scanning and enhanced tracking accuracy. This initiative strengthened the RFID market in Brazil by increasing demand for RFID solutions in logistics and postal services, setting a new standard for postal tracking efficiency
  • In August 2021, Correios Brazil launched an RFID-based tracking system with support from the Universal Postal Union and GS1. The project introduced RFID tags on packages and cargo containers to improve tracking efficiency. Readers were installed at major postal hubs to automate inventory updates and reduce errors. This innovation accelerated e-commerce by ensuring faster, more reliable deliveries. The adoption of RFID strengthened Brazil’s logistics sector and promoted the technology’s broader use in postal services