insights

Analysis
GS1 Standards
Boosting
Efficiency
in Various
Sectors
Globally
Boosting efficiency and reducing
costs have always been the mantra
of business operators globally,
irrespective of their sector of
operation. Adopting GS1 Standards
has proven to be vital in addressing
those challenges.
Over the last decades, as cutthroat
competition triggers
the need for businesses to
manage their value and supply
chains efficiently, various sectors
have adopted GS1 Standards.
Though it is commonly known that
GS1 Standards have been well
adopted by the retail sector for the
last 40 years, other sectors - from
apparel and healthcare to transport
and logistics - have embraced these
standards as they underpin supply
chains, reduce costs and deliver
exceptional efficiency.
Retail Sector
Today, with consumers’ increasing
need for accurate product
information and the introduction
of new regulatory requirements on
safety, product recall and traceability,
the retail industry is responding
by adopting GS1 Standards, which
enable tracing fresh foods from farm
to fork.
Businesses also leverage GS1
Standards to manage inventory,
guarantee product availability, ensure
check-out and overall efficiency as
well as satisfy regulations.
Apparel, Fashion
and Footwear
The fashion and apparel world is
nowadays characterised by global
sourcing, ever-changing trends and
growing online purchases. Fashion
companies need to ensure that
consumers find the right product in
the right place at the right time.
GS1 Standards help apparel
companies - through electronic
article surveillance and Radio
Frequency Identification (RFID) - to
manage inventory while keeping track
of items with attributes like type, size,
colour, and season. Tracking of the
merchandise up to the final customer
hence contributes to preventing loss
of the product.
Foodservice
Today’s consumers expect the food
they eat to be safe and are requesting
nutritional information when they
eat out. Allergen-free menu and
vegetarian options are even gaining
ground. Foodservice companies
must consequently be able to identify
and trace the origin of food products.
To meet customers’ expectations,
foodservice companies have adopted
GS1 Standards to share trusted
information on food origin, manage
inventory, boost efficiencies, and
enhance safety and traceability.
Transport and Logistics
Getting raw materials or finished
goods from one point to another,
while ensuring safety, accuracy
and timely delivery of the good,
is always critical. GS1 Standards
offer visibility of goods moving from
source to consumer. They enable
an integrated alignment of supply
chain processes such as asset,
inventory, warehouse, delivery,
transport and border-procedure
management. These standards
provide manufacturers, retailers
and logistics service providers with
accurate and up-to-date information
about their shipments, thus allowing
them to take good decisions about
forecasting and ordering.
Healthcare
Patient safety has been at the
forefront of healthcare whereby the
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