Find Out What Trends in Labeling Impact Today's Global Supply Chain
by Maureen Perroni, on May 12, 2016
Loftware's third annual Top 5 Trends in Enterprise Labeling Report outlines the recent shifts in barcode labeling that impact global supply chains.
These trends, which include color printing, the rise of global regulations, the proliferation of customer-specific labeling requirements, emerging deployment platforms, and the evolution of labeling as a functional position in global organizations, are based on the ‘2016 Enterprise Labeling Trends Survey.’ This survey, polled over 600 supply chain professionals from organizations across all major industries to inquire about labeling challenges and requirements that are impacting their business in 2016 and in the future.
Demand for Color Labeling is Increasing - The need for color printing is becoming more prevalent across all industries in order to meet evolving regulatory, customer and corporate branding requirements. Today’s global companies are outlining plans to increase the purchasing of enterprise software and color print technology sufficient to meet their color labeling requirements. Support for color printing is gaining in popularity as companies strive to eliminate the need for pre-printed label stock while reducing the occurrence of waste.
Labeling is Everyone’s Concern - As labeling in today’s global supply chain becomes more complex, companies are realizing the vital role it plays in meeting customer and regulatory demands. Labeling, which intersects the supply chain at all levels, is becoming more prominent, involving multiple departments at global organizations and requiring specialized attention. Those departments include IT, Operations, Regulatory, Warehousing, Supply Chain, Manufacturing, Marketing and even Sales to name a few. Companies are recognizing the importance of coordinating labeling. In many cases they are establishing labeling groups or roles to manage labeling.
Customer-Specific Requirements Continue to Drive Label Changes - With nearly 60% of those polled reporting that their customer specific labeling requirements have increased since last year, it is clear that labeling requirements are more demanding and variable than ever. To meets these demands, organizations must be able to efficiently manage complex, variable data and formatting on their labels and do so quickly. However, to meet these standards labeling needs to be both dynamic and data-driven.
Data-Driven Labeling is Imperative to Comply with Global Regulations - Regulations and the speed at which they change are continuing to have a significant impact on businesses today. With new standards and regulations dictating requirements across a wide range of industries, labeling has become a critical function for meeting compliance. However, constant change is necessary to comply with evolving requirements, therefore labeling must be both dynamic and data-driven for companies to quickly respond and avoid fines, supply chain disruptions and even loss of business.
Emerging Deployment Platforms Impact Labeling - Cloud and other emerging technology platforms continue to revolutionize the way companies conduct business and execute business processes. As companies continue to think differently about how applications will be delivered, they are at the same time beginning to think differently about how labeling is incorporated with their business and deployment models.
Download the report to learn more about the trends impacting barcode labeling in 2016 and how companies are addresing these industry requirements.