Remove 2028 Remove Agile Remove Company Remove Internet of things
article thumbnail

How IoT Unlocks Uninterrupted Hypergrowth for Retail and CPG

Acuvate

The worldwide internet of things in the retail sector was worth $ 31.99 billion in 2020 and is anticipated to increase at a compound annual growth rate (CAGR) of 26% between 2021 and 2028. Companies are continuously on the lookout for reducing their costs and improving productivity. IoT Use Cases in Retail & CPG.

article thumbnail

Asset Management in CPG using Digital Twins

Acuvate

Characterized by high pace, low margins, and extremely tight competition, CPG companies must safely and sustainably deliver products that provide exceptional experiences and delight customers. As consumer trends change and needs evolve, production lines must be agile enough to adapt to modular designs quickly and cost-effectively.