Key drivers for barcoding and anticipated benefits
- Global requirement of electronic communication (thru EDI etc.) of information on exported/imported items in import–export trade infrastructure (Ports, Customs/ Buyers/ Suppliers/Banks/Freight forwarders, etc.) require automatic data capture thru barcoding as key enabler.
- Elimination of wastages in supply chains due to efficient processes.
- Global movement towards closer integration of suppliers and buyers worldwide and global requirement for lowering end product costs. Indian exporters need to integrate with international best practices (barcoding, EDI etc) or get isolated in international trade in coming years.