Supply chains and the solutions used for managing them have become increasingly important as businesses become more global and interconnected. Globalization and digital technologies are changing business, especially as companies look to accelerate growth and expand into new markets. To do this, companies must create efficiencies in their supply chain and be able to address complex and ever-changing supply chain dynamics. This includes creating efficiencies in labeling with comprehensive Enterprise Labeling Solutions to optimize supply chain activities.
More businesses are investing in technology to augment or replace existing practices to improve supply chain operations, which is resulting in increased efficiencies and cost savings. When it comes to digitalization, labeling is at the forefront because it offers a key source for curating digital information, with the physical representation of digital information often being encoded in the label. Most companies are using barcodes to help in traceability, this is why it’s clear that labels offer a gateway to digital information. It’s important to note that labeling is the heart of it all, as it becomes more commonplace to scan a label or a barcode to obtain vast amounts of information about the product and its journey through the supply chain. This is why labeling is becoming more and more critical as traceability, especially as IoT and blockchain are moving from theory to reality.