SML furthers support for growing retail RFID market

RFID specialist SML produced more than 1.4 billion encoded RFID tags in 2017 and expects to double its capacity every two years to meet demand from a market growing at more than 30 percent a year. SML claimed the volume produced last year allowed it to deliver encoded RFID tags to more than 95 percent of the retail RFID rollout projects around the world. The company has further identified the market for item-level RFID encoded tags growing at over 30 percent each year. SML is investing heavily to support this rapidly growing market. High speed encoding and converting equipment is accommodating the expansion of existing and new brands in a fast-paced fashion industry.