Smart Labels Expected to Soar Globally by 2020

2 Min Read By Ryan Yost

So called “smart labels,” those with Radio Frequency Tracking Identification (RFID), are pointing the way toward smart infrastructure—with the global market projected to reach $24.5 billion by 2020, according to The Statistic Portal, a leading provider of market and consumer data. Regardless of what they’re selling—food, clothing or something else—retailers are investing in tracking inventory.Many restaurant operators gathered at the National Retail Federation’s Big Show & Expo in New York City earlier this year to learn more about it, attending a session on, “How Intelligent Labels are Redefining the Future of Retail Across Multiple Industry Segments.”

“As a world leader in intelligent labels, we’re accelerating the adoption of digitally-enabled products across the retail industry,” said Francisco Melo, vice president and general manager of Global RFID of Avery Dennison, who moderated the panel.

The company’s Freshmarx Intelligent Food Industry Solutions is…