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Section: Business Intelligence
Business Intelligence
Global Sports and Energy Drinks Market Valued at Over $150 Billion by 2033
Ongoing consumer demand for functional beverages is among the key growth drivers, according to a new study.
May 17, 2024
Energy drinks market valued at $150 billion
Business Intelligence
Perceptions of AI in Packaging and Processing
Packaging and processing executives are finding AI can be beneficial in areas like connecting disparate machine systems and uncovering unknown problems within operations.
May 15, 2024
Packaging and processing executives are finding AI can help to unearth previously unknown issues within operations.
Business Intelligence
Global Snack Food Market Projected to Reach $800 Billion by 2030
Convenience food trends and expanding e-commerce options are two factors driving snack growth, according to a recent study.
May 8, 2024
Snack Foods Growth by 2030
Business Intelligence
Top AI Applications in Packaging and Processing
Packaging and processing professionals are looking to leverage more AI in their operations, with the technology showing promise in areas from quality control to inventory management.
May 8, 2024
Executives at the 2024 Top to Top summit said they want to apply AI technology to areas like process optimization, predictive maintenance, and quality control.
Business Intelligence
How Can Craft Brewers Shape the Future of the Industry?
Craft brewers are nearing the end of the era of rapid adoption and must find ways to increase demand and create more occasions for American drinkers to choose craft.
May 2, 2024
Bart Watson, Chief Economist for the Brewers Association, gave his annual report on the state of the craft brewer industry.
Business Intelligence
Snacking, Functional Foods, Sustainability, Convenience—All Moving to the Pet Food Aisle
If you want to understand what pet food trends will be coming over the next few years, it makes sense to look to the trends happening now in human foods.
April 30, 2024
At the Petfood Forum, keynoter Daniel Levine, director of the Avant-Guide Institute, pointed to trends in human food as leading indicators for pet food.
Software
Challenges of Data Governance and Security in Packaging
Packaging industry executives are finding major benefits to increased data accessibility, but with accessible data comes security concerns.
April 30, 2024
Packaging industry executives suggest bringing IT and OT leaders together to discuss data analytics.
Business Intelligence
Data and Analytics Management Varies Across Companies
Methods of data management across the packaging and processing industry vary greatly, but one major trend with some controversy is the move toward cloud storage.
April 25, 2024
Cloud data storage can act as a backup for disaster recovery.
Business Intelligence
Practical Applications for the Future of Remote Services
End-users are finding remote services and monitoring are ideal for OEM support, but in-person visits are harder to replace for things like FATs and some training.
April 19, 2024
OEMs can use remote services to solve many issues without the need to travel to end-users' plants, but some problems still require in-person assistance.
Business Intelligence
Top Factors Driving the Push to Sustainable Packaging
With consumers, retailers, and regulations driving the push to sustainable packaging, industry stakeholders are looking for ways to effectively meet this demand.
April 15, 2024
Consumers are willing to pay about 10% more for sustainable packaging, according to one industry representative at the 2023 Vision 2030 sessions.
Business Intelligence
Collaboration and Communication Can Optimize Your Operations
OpX work products, such as Request for Proposal, Acceptance Testing, Remote Equipment Access, and Total Cost of Ownership, can help improve manufacturer/supplier relationships.
April 13, 2024
Business Intelligence
Standing Out with Sustainable Strategies in Craft Beer and Spirits
Craft beer and spirits producers can connect with eco-conscious consumers through sustainability strategies including material switches, better labeling, and lightweighting.
April 4, 2024
Material switches are one way craft producers can connect with sustainability-focused consumers.
Business Intelligence
Report: 1/2 of New Manufacturing Jobs Could Remain Open by 2033
A Deloitte and MFI study found that 1.9 million out of 3.8 million new jobs would remain unfilled, underscoring the need for employee-focused strategies to keep up with growth.
April 3, 2024
Deloitte and The Manufacturing Institute’s new report, “Taking charge: Manufacturers support growth with active workforce strategies.”
Business Intelligence
E-Commerce Challenges and Opportunities for Craft Producers
As the e-commerce channel grows for craft beer and spirits, producers need to work through legal and logistical challenges to successfully deliver products to consumers’ doorsteps.
March 28, 2024
As more consumers purchase alcohol online, craft beer and spirits producers need to ensure their packaging can withstand the rough handling of e-commerce distribution.
Business Intelligence
Craft Producers Investing in Label Premiumization
As craft producers explore label premiumization strategies like tactile and smart features, OEMs should be ready to successfully accommodate such changes.
March 21, 2024
Craft producers can use unique visual or tactile features to help draw customers in and communicate a feeling of luxury.
Business Intelligence
Non-Alcoholic Beer and Spirits Buzzing in the Craft Market
Trends like Dry January and Sober October are fueling growth in non-alcoholic beer and spirits, and craft producers are adding these products to their portfolios in response.
March 15, 2024
Non-alcoholic beverages can generally be packaged in the same format as their boozy counterparts, making it easier for craft producers to add an N/A option to their portfolios.
Business Intelligence
Craft Market Success Comes in Many Packages
Craft producers can build greater brand awareness by focusing on factors like primary packaging variety, multipacks, and specialty releases.
March 8, 2024
Various packaging sizes, multipack options, and specialty releases can help craft producers stand out from the crowd and grow brand loyalty.
Business Intelligence
Craft Beer and Craft Spirits Compete for Market Space
Pre-mixed cocktails and consumer preferences away from beer and malt-based drinks are contributing to significant growth in craft spirits.
February 29, 2024
Brewers are looking for ways to reverse a contraction in sales, with strategies including diversifying product portfolios.
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