How can consumers benefit from companies using RFID?
Systems such as Exxon/Mobil’s Speedpass allow people on the move fast and easy transactions. Automobiles are protected from theft by automakers’ RFID anti-theft devices. Some retailers already are using RFID to provide detailed information to valued customers on items in their stores, allowing them to be more informed about the items they are purchasing. Since RFID reduces the cost of managing inventory, consumers will benefit from the resulting lower prices. Also, shoppers will be able to buy what they want, when they want it, since retailers will be able to stock their store shelves more efficiently, thus preventing out-of-stock situations. RFID could also help reduce the counterfeiting of products, including life-saving drugs. Additionally, it could aid in the recall of products, so companies and consumers will have total confidence that all tainted products have been withdrawn from circulation. Recovery of stolen items would also benefit consumers by enabling the police to identify
