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In 2020, the goal of reducing supply chain inefficiencies has become especially true for the healthcare industry, as hospitals and healthcare systems work to reduce the billions of dollars spent on unnecessary supply chain operations every year.
Packaging Strategies and Flexible Packaging editorial director Kristin Joker and PMMI’s Jorge Izquierdo discuss the rapid development of smart packaging. Part 1 of 6
Smart packaging is developing rapidly. A major factor driving the growth of the smart packaging market is increasing demand for packaging that indicates and maintains product quality throughout the supply chain.
Active and intelligent packaging platforms serve different roles. Active packaging acts directly with the packaged product by interacting with it chemically or biologically. It has an effect on the product in the pack to extend shelf life, maintain quality and inhibit microbial or fungal growth, or it provides information about the condition of a product.
As hospitals, labs and entire supply chains adopt RFID technologies, they become smarter. Smart labeling provides another layer of visibility, efficiency and, ultimately, patient safety to the healthcare industry.
Smart labels allow retailers and brands to engage directly with consumers, and with manufacturers to track inventory through the supply chain — which, in turn, provides consumers with the transparency and convenience they desire in packaging.
As production facilities continue to be challenged by smaller batch runs, higher OEE requirements and skilled labor shortages, there is a desire for simpler, more flexible equipment. One way to achieve more flexibility is by addressing the time, tools and parts needed to implement changeovers.
IKEA is looking into the area of Printed Electronics (PE) for ideas that could transform its operations. As a first step, the company will run two Open Innovation Challenges.