How much will it cost to transition to 2D barcodes?

"The cost for businesses will vary depending on their size, technology, and sector, but we expect that the benefits in efficiency and sustainability make it a smart long-term investment."

• Products in the store that have real-time labelling processes, such as those in the fresh food sector, may face minimal changes, as the upgrade can be incorporated into existing processes.
• Companies can plan the transition at their own pace, based on their priority use cases.
• Case studies show the real-world impact:
  • Woolworths, Australia’s largest retailer, increased productivity by 21% and reduced food waste by 40% after implementing the GS1 DataMatrix. How? It’s quite simple: a next generation barcode like the GS1 DataMatrix can carry more information such as the expiry date. A simple scan provides that information, so that retailers can implement dynamic pricing and sell products at a discounted price to prevent food waste.
  • Parla Deli, a chain of supermarkets in Brazil also saw food waste drop by 50%, alongside other operational efficiencies, showcasing the potential for businesses to gain from adopting the next generation barcodes.