The utilization of RFID technology has been of great help to millions of pharmaceutical companies in addressing counterfeiting. In fact, RFID proves to be an excellent solution in reducing the risk of selling and distributing counterfeit pharmaceutical products in the supply chain. RFID tags also play a vital role in securing the safety, quality and authenticity of drugs released into the market.
Counterfeiting is one of the major issues in different industries nowadays which include pharmaceuticals, retail, medical devices, entertainment and electronics. More often than not, counterfeiting leads to injury and fatality. Furthermore, it creates substantial losses to manufacturing companies across different industries.
RFID technology is getting a lot of importance and popularity nowadays compared to other anti-counterfeiting technologies because of the automatic product verification and efficiency it brings. RFID enables massive inventory of products even at pallets and boxes.
Counterfeiting does not just affect the growth of sales and profitability of pharmaceutical companies. More importantly, purchase of counterfeit pharmaceutical products can greatly affect the health conditions of consumers. RFID technology secures that consumers are taking appropriate quantities of active ingredients as stated on the label.
Products that contain unique and secure RFID tags are less likely to be cloned. Furthermore, RFID Tags allow producers to track the movement of their products in the supply chain. With the aid of an RFID Reader and antenna, authenticity of the product is secured. RFID readers are capable of detecting and picking up the signals from the tags attached to the product that moves through the supply chain.