ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Materials maker Toray's new tech to slash smart tag price by 80%

Lower cost to help spread self-checkouts and other connected services

Fast Retailing, the parent of Uniqlo, has adopted smart tags to streamline product shipments and inventory management. 

TOKYO -- Japanese materials maker Toray Industries has devised a production technology that will slash the price of a smart tag, or a radio frequency identification tag, used for merchandise management by 80% to less than 2 cents each.

Toray's new material can be used to print integrated circuits onto substrate film, a breakthrough that will greatly reduce the production process. Toray plans to enter the smart tag business as early as fiscal 2022.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more