Since it will be possible to pay for goods or services using the RFID, there will be reduced costs incurred. This will be from the fact that now almost everything will be done in a manner likely to suggest a self-service.
However, most importantly, there is a non-stop annual increase in the amount of freight that is flowing from one point to another. This freight must be carried using the same system of either rails, trucks, or through the shipping lines. Since manual systems of documentation are still in place, the system tends to be a bit slow. However, with the possible implementation of RFID, this delay would be outdated.
The use of RFID would ensure that the losses that are often incurred due to the occasional theft by the workers would be outdated. This is because all the items would be tracked to their precise point of the location at a split second. This will ensure that the expected profits are not limited by these minor limitations.
This system would eliminate the use of banks. This would ensure a cut back in spending and thus, reduce the cost of doing business. Therefore, there would be an increase in the shipment of goods and services since they would now tend to be cheaper. Since everything that will be in transit will be tagged, there would be no need for inspection at the port. This should be advantageous in terms of reducing the time spent on a product being shipped from one point to another.