09 August 2023
09 August 2023
The method significantly reduces the energy requirements needed for depolymerisation.
Smith used its Circular Design Metrics methodology to design the packaging solution.
The US-based temperature-controlled packaging solutions provider is expanding its testing and lab capabilities.
How is the packaging industry balancing growth and sustainability while preserving the environment?
The bottles have been produced from one of the largest recycling plants within Asia.
The sustainable beauty packaging provider aims to promote eco-consciousness within the industry.
The new solution was developed on the basis of market research indicating a significant demand for recycled products.
Weak currency performance was offset by gains from the acquisition of Liquibox.
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GlobalData estimates the total AI market will be worth $909 billion in 2030, growing at a CAGR of 35.2% between 2022 and 2030. The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. AI can help companies operating in these sectors by significantly reducing costs and production times. In Nestlé's 2022 full-year results, the company announced a renewed focus on digitalization to drive growth. Financial and reputational pressures associated with supply chain disruptions and sustainability concerns are also driving interest in the digitalization of supply chains. Data science and ML are strong investments across all areas. However, the sectors cannot stop at AI-powered data analytics applications. They must also explore computer vision (CV), smart robots, AI sensors that automate manufacturing and distribution logistics, and generative AI tools that increase efficiency across corporate departments and customer service operations and enable innovation in product design. For the most part, the consumer goods, foodservice, and packaging sectors will not play a significant role in creating and developing AI hardware or platforms. Instead, these sectors will help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots. This adoption will be driven by the financial benefits and potential cost savings AI automation delivers across global supply chains.
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