Remove industries products-and-components consumer-packaged-goods
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Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

New product introductions (NPI) are critical to any company’s success, but many of them never become household names. In fact, it’s estimated that up to 80 percent of new product launches in the consumer packaged goods (CPG) industry fail. Why is new product forecasting important?

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CPG earnings report: Data technology tackles headwinds, helps meet demand

crisp

Like many of his peers, General Mills CEO Jeff Harmening noted inflation is stabilizing, supply chain disruptions are dissipating, and consumer confidence is improving thanks to wage growth and a strong labor market – all of which is good for the CPG industry. How did 2023 look from the CPG C-suite? And what’s in store for 2024?

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This Week in Logistics News (February 25 – March 4)

Logistics Viewpoints

And while this definitely points to an industry making strides, a recent Procurious survey found that 75 percent of women in supply chain experience gender-based adversity. The facilities are a fraction of the size of Amazon’s large fulfillment warehouses and are designed to prepare products for immediate delivery.

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Will the Circular Economy Ever Go Mainstream?

Enterra Insights

As the SmartCitiesWorld news team writes, “While the circular economy is still in its infancy, it is a key sustainability strategy being adopted by world and industry leaders in their fight against climate change.”[1] One oft-discussed strategy to save the planet is transitioning to a circular economy. That’s a tall order.

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5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

AI combines different technologies like neural networks, machine learning, and deep learning to improve the cognitive abilities of hardware and enable machinery to collect, analyze, and utilize data to enhance production workflow. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems.

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The Day of Reckoning for Sustainability Claims

Logility

Traceability will be key in meeting consumer demands for sustainability. The short version: if you can’t track the complete history of a product, including material and labor inputs, you can’t make an ironclad claim about its sustainability. Irrelevance : Claims may be truthful but unrelated to the product or company.

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Digital Manufacturing for the Packaging Industry

QAD

For the packaging industry, digital manufacturing solutions must help manufacturers produce the right stuff at the right time as optimally as possible and then support the decisions of what to produce next. Challenges Facing Packagers. Over or under production of orders that don’t really line up with customer needs.