More than 800 supply chain and information technology (IT) professionals from 32 countries participated in the fourth annual "Five Label Trends" survey conducted by Loftware. The results show that five major changes in the label industry are having an unprecedented impact on the global supply chain.
With the interconnection between enterprises, the trend of globalization is more obvious, and supply chains and solutions for managing supply chains are becoming more and more important. This is why identifying, understanding, and measuring labels has a strategic impact on corporate supply chain and business growth and is crucial.
1. Labeling is a global initiative
According to a recent poll, about 65% of respondents believe that it is necessary to apply labels globally. More than half of the respondents work for label business companies in five or more locations. Labels that intersect with supply chains at all levels have become a key factor in meeting changing customer needs, keeping pace with emerging regulations, and avoiding interruptions in production lines to warehouses. Enterprises wanting to deploy labeling business globally must consider how to effectively deploy and maintain their labeling solutions, how to support enterprise-wide label changes, and how to effectively expand the market during the continuous development and upgrade of enterprises.
2. The label is changing
Bar code labels are no longer what they were, and companies that realize this will find themselves in the forefront of industry competition and need to innovate to meet changing customer needs. As customers and regulatory requirements increase, companies are forced to create a record number of label changes and add more content to the label. More than 80% of respondents said that labeling requirements have become more complex in the past three years.
To meet increasing demand, today's tags must be flexible and data-driven to support changing needs. The key to development is to enable enterprise users to use simple mechanisms to make changes to labels and integrate with enterprise applications for automated label production. This can both increase efficiency and reduce the need for label templates.
3. Tag-driven bimodal supply chain
As the complexity of the global supply chain increases, so will the demand for traceability of goods and products.
American research and consulting firm Gartner said: "Digital innovation will create a completely new supply chain. The gap between supply chain supply and corporate demand is widening. Bridging the gap requires new efficient and agile methods for investment and research and development in all aspects. More than 63% of respondents said they are combining digital technology with traditional practices to improve supply chain operations. The intersection between the physical and digital worlds in the supply chain aims to "update the legacy environment to a state suitable for the digital world." Labels play a key role in the supply chain. Considering that labels are physical representations of digital information, digital information is usually encoded in barcodes.
4. Extension of the label upstream and downstream industry chain
More than two-thirds of respondents (67%) see the value of using shared solutions to print labels for suppliers. This is because labels generate value from the supply chain network and play an important role in improving efficiency and meeting customer needs. effect. When companies expand their label business to partners and suppliers, they can avoid errors in downstream processing and do not need to redefine labels. It also eliminates the risk of shipping pre-printed labels and allows companies to realize cost savings from return costs, improve brand consistency and ensure label accuracy. Expanding the label business upstream and downstream has many benefits, including cost savings and after-sales service integration.
5. The success of the label goes beyond the software
Today ’s companies rely on experienced label professionals for consulting, training, and knowledge exchange because working with these experts can help companies minimize or eliminate downtime risks, optimize supply chain operations, increase customer satisfaction, and ultimately increase business. . These professionals can help companies deal with many unique labeling requirements to respond to changes in different industries, products, geographic locations, regulations, and business models. Label professionals understand and guide continuous operations through changing industry standards and regulations, business processes and regional nuances, and professional 24/7 support. 
Editor in charge: Liu Yang
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