CIIL Weekly Logistics Newsletter CII Institute of Logistics â 2nd July ...

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CIIL Weekly Logistics Newsletter WAREHOUSING/DISTRIBUTION • Ramco wins Logistics order from Continental Carriers INTERNATIONAL NEWS • India placed 71st in trade index • TNT Express launches time-sensitive heavy shipments • Four airlines fined for cargo price-fixing • HK may award CT10 contract to lines • Trans-Balkan oil pipeline cost rises to 1.5 bln euros • FEFC carriers see 11.4% westbound growth in May • Tianjin Port handles 26million tonne of iron ore in 5 months • Rising China demand for diesel fuels spot freight rates • Swift Global Logistics signs MOA with Topocean Group- Singapore INDICATIVE FREIGHT RATES • Indicative Ocean Freights to various Sea Ports • Indicative Trucking Rates in India • Air Freight Rates (domestic & international) CII Institute of Logistics – 2 nd July 2008 2
CIIL Weekly Logistics & Freight Newsletter ARTICLE Radio Frequency Identity (Rfid) IS INDIA READY FOR THE BIG LEAP Radio Frequency Identification Technology, known widely by its ubiquitous abbreviation RFID, with its cutting edge business applications and benefits has inspired an endless array of possibilities and applications. The technology indeed, existed for decades before but it was on June 10, 2003 that Linda Dillman, the Chief Information Officer (CIO) of Wal-Mart set the ball rolling with an announcement that their top 100 suppliers would be henceforth required to utilize Radio Frequency Identification (RFID) tags on their cases and pallets by January 2005. This announcement truly set the RFID technology into motion as various stakeholders in the Wal-Mart supply chain world-wide, including other major retailers and logistics and supply chain partners started evaluating various strategies and practices to cope with the possibilities and meeting challenges of this new technological mandate. The RFID technology needed a big push and Wal-Mart initiative gave it a necessary momentum and brought it to centre-stage of market. The hype and hoopla of RFID promise still stares the potential user industry in its face. The hope, disappointment and promise that this technology has evoked has now turned one full circle. IT research firm Gartner in its recent report - Market Share and Forecast: Radio Frequency Identification, Worldwide, 2004-2010 – has estimated that world-wide RFID market will grow from $504 million this year to $3 billion in 2010.It was earlier reckoned to touch this level by end-2008. The RFID industry, says Gartner report is starting to come out of the trough of disillusionment, referring to a phase in its famed "Hype Cycle" model that tracks the adoption of emerging technologies. It means that after the RFID hype over-heated earlier, the industry had slumped as optimism turned to skepticism about the technology and its benefits. Now the tide, it says is starting to turn in its favour. On a cautionary note the report notes that there is still need for demonstration of meaningful results about values gained from its existing deployments. The promise of this technology notwithstanding, it has from its very inception thrown up an avalanche of questions – what is this RFID technology really all about; how is it going to be implemented across industries and markets; how would it really suit the requirement of different stakeholders in a business value chain; what tangible and intangible benefits would accrue from adopting this technology and more importantly, who would bear the cost of implementing/adopting this technology. CII Institute of Logistics – 2 nd July 2008 3
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CIIL Weekly Logistics Newsletter CII Institute of Logistics â 2nd July ...

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