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A History of Barcodes, and Looking Ahead
Barcodes have been completing transactions and making inventory organization a breeze since the 1970s.
A little over 50 years ago (March 31, 1971), leaders from the biggest names in commerce came together and transformed the global economy forever by developing the Global Trade Item Number (GTIN). This numerical code uniquely identifies every single product and is the core of the barcode, the most important supply chain standard in history. Today, the barcode is scanned over six billion times every day and remains one of the most trusted symbols in the world.
History of The Barcode
Before the barcode was introduced, managing inventory from label to self to checkout was time consuming and manual. Not only was this process inefficient, but there was also plenty of room for human error.
This Week in History
– Ronald Reagan
October 17
1871 – President Grant suspends the writ of habeas corpus in South Carolina where the Ku Klux Klan is active.
1885 – Baseball sets all player’s salaries at $1,000-$2,000 for 1885 season.
1888 – The first issue of “National Geographic Magazine” is released at newsstands.
1919 – Radio Corporation of America (RCA) is created.
1931 – Al Capone is convicted of tax evasion and sentenced to 11 years in prison. He died January 25, 1947, after a stroke at the age of 48, having suffered from syphilis for many years.
1933 – “News-Week” appears for the first time at newsstands. The name is later changed to “Newsweek.”
1933 – Albert Einstein arrives in the U.S. as a refugee from Nazi Germany.
The Burle Business Park has been sold to a New Jersey real estate holding company whose owner promises to upgrade the property inside and out.Â
Jersey Holdings has bought the 75-acre property at 1004 New Holland Ave. for $30 million, courthouse records show. It expects to invest millions of additional dollars in improvements, said owner Moses Schwartz on Monday.Â
âWeâll give it the feel of a contemporary, 21
st century working environment,â he said.Â
The Lancaster city property, near the Route 30 bypass, has 1.3 million square feet of buildings â nearly the size of Park City Center. About 90% of that space is occupied by 40 tenants and their 1,000 employees, Burleâs Althea Ramsay Carrigan said.Â