[ad_1]
Packaging suppliers are under intense pressure to drive the transition to a circular economy by asking manufacturers, retailers and consumers to provide alternative and eco-friendly packaging solutions themselves.
Manish Dixit, Head of Business at GlobalData, commented: “Packaging companies are adopting smart and sustainable packaging solutions to minimise their carbon footprint. Notably, 7 of the top 10 investment deals in Q2 2022 belong to” “Sustainability and Ethics” theme reflects the interest of global investors. Even global consumer brands such as Coke, Pepsi, Unilever, Danone and Nestlé have pledged to use 100% recycled plastic in their packaging and have launched reusable or Recyclable packaging.”
Prathyusha Paruchuri, Senior Disruptive Technology Analyst at GlobalData, commented: “Regulators and NGOs alike are encouraging the packaging industry to move towards a circular economy to maximize efficiency and minimize resource waste. The importance of the industry is becoming more apparent and many packaging companies are regenerating by design and strengthening their sourcing and partnership strategies in the circular economy to avoid falling behind their peers, competitors and customers.”
Emerging Technologies
GlobalData’s latest report, Digital Innovation Case Studies in Packaging, highlights the implementation of emerging technologies in real-world use cases and assesses return on investment.
LivingPackets creates sustainable packaging solutions: LivingPackets, which provides eco-friendly packaging solutions for e-commerce deliveries, has partnered with NXP Semiconductors to develop and launch IoT-based sustainable ‘THE BOX’ to enable zero-waste package shipments and provide end-to-end visibility of package paths across the supply chain .
Dell develops solution to track and trace recycled plastic: Dell intends to create a circular economy that prevents plastic from entering the ocean by recycling and reusing it in its supply chain. As such, it partnered with virtualization software provider VMware and deployed blockchain technology to help product end users view the history of recycled materials and ensure the long-term sustainability of their supply chains.
Harpak-ULMA Introduces Smart Packaging Solutions: Packaging equipment maker Harpak-ULMA joins digital transformation and industrial automation supplier Rockwell Automation to develop smart packaging solutions using IoT and augmented reality. These digital solutions are combined with real-time analytics to improve operational efficiency and increase employee productivity.
Paruchuri concluded: “As investors tighten policies on non-sustainable packaging, sustainability has become so important that plastic packaging companies struggle to secure funding. Packaging companies’ adoption of end-to-end technology in their supply chains is improving Operations, supplier reliability and customer engagement. Global suppliers are accelerating innovation, such as developing advanced materials, embedded technology products and custom solutions to promote reusable, biodegradable and sustainable packaging.”- arab trade news agency
[ad_2]
Source link
