We live in a world where consumer safety is top of mind, as product recalls seem to arise on a daily basis and new government regulations continue to come into play. For the food and beverage industry, safety efforts revolve around traceability, or creating an accurate chain of custody from farm to freezer to fork. After all, it takes just one product, ingredient or pallet reaching the wrong temperature to put the consumer’s health and the company’s reputation at risk.
To improve traceability, the cold food industry is turning to radio frequency identification (RFID) technology. Over the next six years, the global cold chain market for RFID is poised to increase at a compound annual growth rate (CAGR) of 29.1%, according to a 2016 report from P&S Market Research, New York. On top of that, the research firm estimates that the food and beverage industry accounted for the largest share of the global cold chain RFID market in 2015.