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Stock impact report

Avery Dennison and University of Memphis debut RFID in packaging logistics [Yahoo! Finance]

Avery Dennison Corporation (AVY) 
Last avery dennison corporation earnings: 4/29 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
an exhibit showcasing how RFID (Radio Frequency Identification) technology is transforming packaging and logistics. The exhibit highlights innovative uses of RFID in streamlining parcel handling, from shipment through to the final delivery stage, with an emphasis on improving operational efficiency and sustainability. Enhancing parcel tacking with RFID The use of RFID in packaging is aimed at automating processes like parcel sortation and shipment tracking. This allows for increased accuracy and visibility throughout the supply chain, which can improve productivity and reduce errors. RFID solutions, such as those demonstrated in the exhibit, integrate into robotic and conveyance systems to ensure packages are correctly tracked, scanned, and sorted automatically. This leads to benefits like a 99% accuracy rate in load handling and a 20% boost in productivity, significantly improving the performance of supply chain operations. A focus on sustainability The partnership betw Show less Read more
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