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Share withAdvanced Packaging Market was valued at over USD 34.5 billion in 2023 and is anticipated to grow at a CAGR of over 10% between 2024 & 2032. The increasing trend toward IoT and AI technologies globally drives growth in the advanced packaging industry. As IoT and AI applications expand, the demand for advanced packaging […]
Share withAugmented Reality is revolutionizing the way logistics companies do business. AR can transform the logistics industry from tracking shipments to providing real-time updates. By leveraging AR’s power, logistics companies can now increase efficiency and improve customer experiences. AR is a technology that superimposes digital information onto a user’s view of the real world. It […]
Share withSince COVID-19, paper and packaging companies have faced extreme uncertainty, volatility, and disruption. The pandemic caused abnormal demand patterns across many product categories. In addition, paper and packaging companies have seen record-high volatility in input costs, spurred by surging energy and chemical costs, record-high inflation, and an enormous spike in overseas transport costs in […]
Share withConsumers are on the hunt for deals this holiday season. Most will browse first in stores. They will turn to various online options. The 2023 holiday is no exception. According to PwC’s Holiday Outlook 2023, consumers will increase spending by 7% this year, allocating an average of USD 1,530 for gifts, travel, and entertainment. […]
Share withAccording to Euromonitor’s packaging data, the beverages, beauty and personal care, dog and cat food, and packaged food industries accounted for four trillion retail/off-trade packaging units in 2022. However, more companies will hardly meet their 2025 sustainability commitments. Waste management efforts are under scrutiny to comply with stricter legislation to meet pushing consumer demands. […]
Share withArticle by: Asst. Prof. Suwan Juntiwasarakij, Ph.D., Senior Editor & MEGA Tech Last-mile delivery includes getting a product from the closest hub or warehouse to the customer. Last-mile delivery services remain one of the most expensive parts of retail logistics but have the most visible impact on the customer journey and consumer satisfaction. However, […]
Share withToday, packaging is second only to energy consumption in shaping the earth’s current and future state. Emerging research reveals that 34% of artificial GHG emissions are generated by the food sector, with packaging alone accounting for over 60 million tons of CO2 emissions every year. Moreover, from 1950 to 2015, world plastic production grew […]
Share withIn 2022, global e-commerce sales are expected to exceed USD 5 trillion for the first time, accounting for 1/5 of overall retail sales. Fast-growing emerging markets will return to the top in e-commerce sales growth, overtaking more established national markets such as Canada, Singapore, the Netherlands, and Russia. In 2025, this figure is expected […]
Share withAlready two years into the pandemic, many believe the supply chain worldwide will continue to be affected by the impacts of COVID-19 for months, or years, to come. According to KPMG, the pandemic has exposed weaknesses such as limited valuable data, poor risk management, and a. There has never been a greater need to […]
Share withAccording to Mordor Intelligence’s report, asset tracking market was valued at USD 17.14 billion in 2020 and is expected to reach USD 34.82 billion by 2026 at CAGR of 13.45% during the forecast period 2021 – 2026. Given the high price of enterprise and industrial assets, especially fleet equipment, the need for monitoring and […]
