February 16, 2022 | ConsumerGeniuses Blog

Recent technological innovations that have entered into the supply chain industry

ConsumerGeniuses February 16, 2022

According to the International Trade Association, MHI, new trends, shifts, and technologies are making their room in the supply chain industry. 11 technological innovations have entered into factories and warehouses, however, the adoption rate of the innovations varies. Cloud computing and storage is the leading innovational trend among others, as it is used by 57% of the firms. Other technologies deployed by companies, include inventory and network optimization tools (45%), sensors and automatic identification (42%), robotics (38%), predictive analytics (31%), IIoT (27%), wearable technologies (26%), 3D printing (21%), autonomous transportation (20%), AI technologies (17%), Blockchain and Distributed Ledger Technologies (12%). Read more from Supplychaindive

Sustainable paper-based packaging replaced virgin plastic in the candy industry

ConsumerGeniuses February 16, 2022

CPG giants, including the confectionery companies, are replacing virgin plastic packaging with sustainable paper-based packaging across their products, as paper is more biodegradable and handy. Hershey has set the target of 2030, while Nestlé, Mars Wrigley, and Ferrara aim to introduce sustainable packaging by 2025. Considering the importance of cost, production speed, and early involvement of material suppliers and original equipment manufacturers (OEMs) in the process of replacement, Mars Wrigley in collaboration with an OEM, Syntegon Technology, successfully launched paper packaging across Germany. Nestlé also replanned its packaging strategy with its OEMs and switched to paper-based packages for its 400 stock-keeping units, including smart cartons and paper bags. PACK EXPO east held at Pennsylvania Convention Center from 21-23 March 2022 provides an opportunity to the CPG companies to collaborate with suppliers and explore sustainable packaging innovations. Read more from Candyindustry

Indian B2B logistic service provider, Xpressbees, raised its worth to $1.2B

ConsumerGeniuses February 16, 2022

India’s fastest growing B2B, B2C, and 3PL logistic service provider, Xpressbees, raised $300M in its series F funding round, raising the company’s worth to $1.2B. Firms including Blackstone, ChrysCapital, and TPG Capital participated in the investment series, while Delhivery, DTDC, Ecom Express, and Ekart Logistics are gearing up to compete with Xpressbees in the marketplace. The e-commerce delivery company collects, stores and then delivers the goods through its 3000 offices and numerous service centres spread across India. By processing and managing over 3M packages per day, the company enjoys 100% revenue growth per annum. Xpressbees serves over 1000 clients, including Xiaomi, Snapdeal, Paytm, and Meesho. Read more from Cbinsights