What started as a way to help a group of supermarkets check prices at the point of sale (POS) has since become the common standard for powering commerce around the world. While a lot has changed since 1974, linear barcodes are still scanned more than 10 billion times every day and play a vital role across e-commerce channels, from direct-to-consumer (D2C) and business-to-business (B2C) to online marketplaces.
We are living in the era of big data and consumers are increasingly demanding more information about the products they buy, from where it was produced to how best to use and recycle it. Businesses are also becoming overwhelmed by new legislative demands as well as the sheer volume of data that comes from multiple sources in different formats. This means barcodes need to start working harder.