Packaging

Food packaging technology has gone through a fast and significant development in the past three decades and yet the smartest developments are yet to be seen. We’ve contributed significantly to this industry and are committed to the future of this industry.

New packaging technologies have the ability to monitor a product and its environment and act on any changes with respect to the two. These innovations have the potential to dramatically improve supply chain operations, but companies must first overcome some significant challenges.

Enhancing product traceability is one of the most critical supply chain improvements that a company can make. By improving traceability, companies are better equipped to know whether a product has been diverted, counterfeited, or otherwise tampered with during transportation and storage—serious concerns for many supply chains.

One way that companies can improve product traceability is by using innovative new packaging technologies known collectively as smart packaging. Smart packaging solutions have the potential to greatly enhance the effectiveness and efficiency of supply chains, particularly in industries such as food and beverage, pharmaceutical, retail, and health care. 

However, some major challenges still lie in the way of full-scale adoption of these packaging technologies. Companies should be well-versed in both the benefits and challenges of smart packaging before they pursue potential applications.

Here are some packaging facts:

• Food supply chain: Packaging has become an essential technology in the food chain to ensure safety, avoid undesired reactions, satisfy consumer expectations, and increase food shelf life.The food and beverage sector is currently the largest market for smart packaging, accounting for more than 45 percent (or US$10.8 billion) of global sales in 2015. Most smart packaging solutions were developed and targeted toward the food supply chain in an effort to reduce food loss and waste.

• Pharmaceutical and healthcare supply chain: Pharmaceutical and healthcare industries are also large potential markets for smart packaging. As reported by the 2018 Market Research Future report, the health care segment accounted for around 15 percent of the global smart packaging market in 2015 and is expected to grow at a CAGR of over 12 percent from 2016 to 2024.

The best-in-class packaging systems have been well thought out and engineered to optimize the packaging across every touchpoint in the supply chain–from origin to destination, and ultimately to your front step. With our results-driven and scientific approach to packaging optimization, we’re able to give you specific recommendations based on your goals. Whether you need to save money on packaging labor costs or choose the best packaging equipment for your company, our experts will help you choose the right path for your packaging management and operations.