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The Packaging Industry is Massive, and It’s About to Be Disrupted

Leapfrogging

Trillion by 2024. Companies that don’t transform will be instantly shut out of these and other markets. Adidas will stop using virgin polyester by 2024, only using recycled materials to create its products. That’s not surprising given the packaging and packaging materials industry is expected to exceed $1.3

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Asset Management in CPG using Digital Twins

Acuvate

IDC predicts that by 2024 , half of the manufacturers will have networked linked product and asset digital twins into digital twin ecosystems for a systems-level view of their business and a 5% reduction in quality expenses. The global digital twin market was valued at USD 6.5 Asset Management in CPG using Digital Twins: Benefits.

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IoT-based fleet and equipment management solution: The future of logistics and supply chain

Acuvate

This leading-edge innovation has helped the fleet management industry achieve staggering market value. Studies show that where the global IoT-backed fleet management solutions revenue was mere $3,250 million in 2017, the expected revenue is set to reach a whopping $15,500 million by the year-end of 2024.