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Section: News > Business Intelligence
Business Intelligence
Cost Brings Hesitancy to Adopt Remote Services and Monitoring
Most end-users hesitate to invest in retrofitting older machinery as they consider remote services and monitoring.
February 1, 2024
Retrofitting remote services is cheaper than purchasing new machinery, but cost of service is still the technology's top drawback for end-users.
Business Intelligence
Remote Services as a Skills Gap Solution
End users are finding remote services technology helps to limit technician visits and streamline training for new employees.
January 29, 2024
The majority of both end-users and OEMs find remote services help to address skill gaps.
Business Intelligence
Why Invest in Remote Services Technology?
End users are investing in remote services mainly to reduce machine downtime and optimize performance, but there are some discrepancies in how end users and OEMs see the technology.
January 18, 2024
Some opinions differ between OEMs and end users when it comes to remote services use cases.
Business Intelligence
End User Trends, Legislation Fuel Packaging Machinery Market Growth
FDA and EU regulations, along with increasing end user demands to add flexibility and cut waste, are driving global packaging machinery growth.
January 12, 2024
Bottling line machinery made up 10% of the global packaging machinery market in 2022, and evolving consumer preferences are changing how the industry operates.
Business Intelligence
Consumer Risk Increases from Growth in Online Pharmacy Buying
A new survey reveals 60% of online pharmacy users would consider purchasing from an unapproved source for convenience, and 47% of Americans falsely believe that only safe, verified websites selling prescription drugs appear at the top of search results.
January 11, 2024
Online Pharmacy Buying
Business Intelligence
Asia Pacific Set to Continue Packaging Machinery Market Lead Through 2027
Regulations and changing consumer preferences are driving packaging machinery market growth across global regions.
January 5, 2024
The overall global packaging machinery market is on the rise, with a predicted 2023-2027 gain of around $10.1 billion.
Business Intelligence
Top 10 of 2023 – No. 2: WestRock and Smurfit Kappa to Merge
Big news in 2023 was that WestRock, Smurfit Kappa plan to merge create company with combined value of roughly $20 billion. Announced in September, the merger is not yet complete today.
January 1, 2024
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Business Intelligence
Top Three Packaging Trends Driving Innovation
Factors including sustainability and digitalization are dramatically changing how the packaging industry operates.
December 21, 2023
Sustainability-focused material adjustments are gaining popularity as regulations push for plastic substitutes.
Business Intelligence
Generative AI for CPGs
Still in the early days, ChatGPT and Google's Bard are tools not yet used broadly by packaging companies, but those brave enough to try are finding surprising results.
December 19, 2023
Ai For Cp Gs
Business Intelligence
End User Sectors Vary in U.S. Packaging Machinery Purchase Trends
Packaging Machinery Purchase trends vary by sector, with industries like beverage and pharma showing greater production expansion than others.
December 8, 2023
The pharma sector holds the highest production expansion investment levels in 2023, with several large manufacturers announcing investments in the billions.
Contract Manufacturing and Packaging
State of the Contract Packaging Market
Projected growth at a CAGR of 8.54% is expected up through 2028 on account of changes within the food & beverage space.
December 1, 2023
Keep an eye out for the “State of the Industry Report,” soon to be released.
Operational Excellence
Predictive Maintenance to Bridge the Packaging Skill Gap
Predictive maintenance can help machine builders better allocate resources and even bring in new revenue streams.
November 29, 2023
Predictive maintenance can help machine builders spot issues before failure and allocate resources accordingly.
Workforce
How Companies Have Successfully Navigated Labor Shortages
Labor shortages are continuing in the years after the COVID-19 pandemic, but companies are finding strategies to successfully navigate the new labor landscape.
November 22, 2023
Companies that have adjusted their wage policies to account for the challenges inherent with service technician work have found success filling these positions.
Business Intelligence
Automated Prescription Filling Opportunities Open for OEMs
Automation opportunities are opening in the pharmaceutical industry through new trends in adherence packaging and blended central fill facilities.
November 17, 2023
Adherence packaging gaining popularity over the U.S.'s traditional countables is generating automation opportunity for OEMs.
Business Intelligence
Suppliers Find Strategies to Minimize Supply Chain Issues
Between short-term changes like international sourcing and long-lasting adjustments like onshoring, suppliers are taking protective measures against supply chain issues.
November 10, 2023
Some suppliers are making long-term changes in reaction to the supply chain issues of recent years.
Business Intelligence
State and Federal PFAS Regulations Tightening
Companies need to be mindful of both incoming PFAS regulations and how PFAS might be present in their operations to stay safe from legal trouble.
November 10, 2023
PFAS have been used in food packaging and various other applications including commercial household products and firefighting foam.
Business Intelligence
Machine Producers Find Strategies to Fight Inflation
Packaging machinery suppliers have employed a few notable strategies to minimize risk and cut costs in recent years.
November 1, 2023
Machine suppliers strategies to fight inflation include reducing quote response windows and negotiating flexible price agreements.
Business Intelligence
CPGs Outsource Logistics for Flexibility and Scalability
About half of CPG direct-to-consumer shipping is being outsourced, and companies are finding a host of benefits from these services.
October 27, 2023
Companies of varying size are finding incentives to outsource logistics based on their unique challenges.
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