TORONTO, ON – April 3, 2013–The bar code, a single standard for product identification envisioned by leaders of the American grocery industry, celebrates 40 years since its creation on April 3, 1973.
The bar code was created to improve inventory management and speed at checkout counters, but with this came the birth of a global language of business and the beginning of GS1, a global organization that is today dedicated to maintaining this language, including global standards and services designed to improve supply chain visibility around the world.
“As we celebrate the advances of the past 40 years, our sights are set on industry’s goals for tomorrow,” says Art Smith, President and CEO, GS1 Canada. “The push for business processes based on globally standardized data will help organizations safeguard against 21st century health, safety, and security risks in the supply chain, while realizing significant cost savings in an increasingly competitive global marketplace.”
During the last four decades, GS1 identification standards including the bar code have become a foundation of business processes for close to 2 million users worldwide, allowing these users to speak a common language that not only connects their companies across geographical and cultural boundaries but also allows industry leaders to leverage the power of information to improve people’s lives around the globe, said a GS1 release.
“The bar code revolution over the last 40 years is a testament to the power achievable through industry collaboration. GS1 Canada looks forward to working with industry over the next 40 years and more to build a world where things and related information move efficiently and securely for the benefit of businesses and improvement of people’s lives, every day, everywhere,” said Smith.