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GS1 captures $81 million annually by licensing the humble barcode
While they look like simple lines on a cereal box, barcodes have become a global monopoly. A single nonprofit now controls the keys to the entire retail supply chain, generating over $80 million a year just by licensing numbers. It is the story of how an industry committee turned a Morse-code-inspired idea into an inescapable financial powerhouse.
10 hours ago