ABI Research: for visionaries

Manufacturers of Consumer-Packaged Goods to spend US$23.8 billion on Digital Transformation by 2030

ABI Research | June 15, 2021, 5 a.m.

Manufacturers of consumer-packaged goods (CPG) are utilizing analytics to anticipate customer demand and optimize their processes.  Global tech market advisory firm ABI Research forecasts that overall, digital factory revenue will approach US$24 billion in 2030, with spending by CPG manufacturers on data and analytics services forecasted to reach US$4 billion in 2030, up from US$500 million in 2021.“Plant managers walk a tight rope every day. Too little production leads to shortages and lost revenue opportunities; too much production means that perishable products go to waste,” explains Michael Larner, Industrial and Manufacturing Principal Analyst at ABI Research. “Digital Threads across the supply chain are essential.”Production planning is challenging without information from retailers’ point of sales systems. CPG manufacturers need to work with retailers, distributors, and supply chain partners to share sales information through the supply chain, from the farmer to the checkout line. “While creating digital threads across the supply chain will take time, in the short-term CPG manufacturers need to ensure that their production plans are informed by as much relevant data as possible.” Larner points out.CPG manufacturers are investing in IoT sensors and analytics to monitor temperatures and humidity levels in their facilities and the condition of ingredients and foodstuffs, alerting staff if conditions change beyond acceptable parameters. Many CPG manufacturers are undertaking ambitious data projects. For example, Anheuser-Busch InBev is unifying its 27 disparate Enterprise Resource Planning systems (ERPs) into a single system, and Mars is creating a digital thread to provide visibility from the point of origin of its raw ingredients to the point of sale. Technology firms such as AVEVA, Parsable, Seeq, and TeamViewer are well placed to support CPG manufacturers extract and utilize the data generated in their facilities.Digital threads will be essential for CPG manufacturers to meet the needs of their various stakeholders.  “Manufacturers need work with retailers and supply-chain operators to, among other things, anticipate and prepare for demand surges, have flexibility on their production lines to accommodate trial flavors and new packaging as well as have the required documentation available for regulators as evidence of how the facility handles ingredients,” Larner concludes.These findings are from ABI Research’s Industry 4.0 in the Consumer-Packaged Goods Market application analysis report. This report is part of the company’s Industrial and Manufacturing research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography.

Expert Insight

Exclusive analysis of the latest tech news and headlines.

Insights are for ABI Research Subscribers Become a Subscriber

The Latest


Enterprise AI platform Dataiku announces fully-managed online service

Artificial Intelligence News | June 14, 2021, 12:40 p.m.

Dataiku has announced a fully-managed online version of its enterprise AI platform to help smaller companies get started. The data science platform enables raw data to be converted into actionable insights through data visualisation or the creation of dashboards and also supports training machine learning models. “Accessibility has always been of the utmost importance at... Read more »The post Enterprise AI platform Dataiku announces fully-managed online service appeared first on AI News.

Read Full Article

New York is 48th State to Approve Cambridge Mobile Telematics’ Insurance Scoring Model

Business Wire | June 14, 2021, 12:45 p.m.

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #PAYD--Telematics brings equality to insurance pricing, now CMT brings mobile telematics to New York with the 48th approval of its Premium Scoring model

Read Full Article

NFT sales are dropping but believers still see a future for digital collectibles

CNBC | June 15, 2021, 4:10 a.m.

Sales of digital collectibles known as non-fungible tokens have fallen dramatically in recent weeks.

Read Full Article

Lordstown Motors’ chief executive and chief financial officer resign.

New York Times | June 14, 2021, 10:50 a.m.

The resignations were announced after the struggling carmaker released the results of an investigation into an investor’s report on the company’s viability.

Read Full Article

Global Automotive Over-the-Air Updates Market (2020 to 2030) - by Type, Propulsion, Vehicle Type and Application - ResearchAndMarkets.com

Business Wire | June 14, 2021, 9:58 a.m.

DUBLIN--(BUSINESS WIRE)--The "Automotive Over-The-Air Updates Market Research Report: By Type, Propulsion, Vehicle Type, Application - Global Industry Revenue Forecast Report, 2030" report has been added to ResearchAndMarkets.com's offering. More than 1.3 million people die in road crashes every year, says the World Health Organization (WHO). As a result, countries, especially those in Europe, are mandating the integration of advanced safety features in automobiles. This is to be the key factor

Read Full Article

Singapore start-up Carro bags $360 million in funds from SoftBank and others

CNBC | June 15, 2021, 3:53 a.m.

Founder and CEO Aaron Tan told CNBC there are plans to take the company public in the next 18 to 24 months.

Read Full Article

AT&T CEO Seems Confident Industry Can Kill Biden's Municipal Broadband Plan; + more notable news -

DSL Reports | June 14, 2021, 8 a.m.

AT&T CEO seems confident industry can kill Biden s municipal broadband plan arstechnica.com NY can t force ISPs to offer $15 low-income broadband plans, judge rules arstechnica.com Wi-Fi 6E poised to pave a 'VIP lane' for service providers lightreading.com A battle royale is forming in private wireless networking lightreading.com Verizon vs T-Mobile vs AT&T: new 5G report highlights the big three's strengths (and weaknesses) phonearena.com T-Mobile Home Internet Review: A Wireless Carrier Might Be Your Next Internet Service Provider newsweek.com FCC Grants ETC Designation for Some of the Less Controversial RDOF Winning Bidders telecompetitor.com House lawmakers introduce five bipartisan bills to limit anticompetitive practices of tech giants like Amazon, Apple, Google, and Facebook theverge.com Microsoft will support Internet Explorer for one more year - but now is the time to move on betanews.com read comment(s)

Read Full Article

Vodafone hands first ‘open RAN’ deals to Samsung, Dell and NEC

FT | June 14, 2021, 7:50 a.m.

Asian and US companies chosen to build network despite European push to boost domestic industries

Read Full Article

Lordstown Motors' Top Executives Resign After Board Investigation

New York Times | June 14, 2021, 6:27 p.m.

The company’s top executive resigned after the struggling automaker released an investigation by its board.

Read Full Article

Dash Living takes over Hmlet’s Sydney property as it steps into Australia

Tech in Asia | June 15, 2021, 4:12 a.m.

The St Peters property is Dash Living's first step into the Australian market. It also plans to expand into Southeast Asia

Read Full Article

SES, Comcast deal ties into C-band reclamation for 5G

Light Reading | June 15, 2021, 3:50 a.m.

New deal paves way for Comcast Technology Solutions to transition video distribution services to a different satellite and help SES eventually vacate a portion of the C-band that will be used for 5G.

Read Full Article

Golden Gate Ventures forecasts a record number of exits in Southeast Asia

TechCrunch | June 15, 2021, 4:49 a.m.

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of exits will happen in the region over the next couple of years, thanks to factors like a maturing ecosystem, more secondary buyers and the […]

Read Full Article

Harald Flemming new CSO at Net Check

Broadband TV News | June 15, 2021, 3 a.m.

Dr Harald Flemming has joined German mobile network service provider Net Check as Chief Sales Officer (CSO) on June 1, 2021. At the Berlin-based company, which is part of the NC Group, Flemming will assume overall responsibility for sales and partnerships and report directly to CEO Detlef Zernick. “I am excited that Harald joins our […]

Read Full Article

Study: Four of five new EV buyers can charge at home

Charged EVs | June 14, 2021, 9:53 p.m.

A recent survey of new-car buyers suggests 4 of 5 will be able to charge an EV at home—making it even more critical that they understand how charging is actually done. If projections from major carmakers are to be believed, the bulk of electric cars that will travel on US roads in 2026 haven’t been... Read more »

Read Full Article

Singaporean data center startup Digital Edge buys Indonesian firm for $165m

Tech in Asia | June 15, 2021, 3:21 a.m.

Toto Sugiri, founder and president commissioner of Indonet, sold more than 90 million or 57% of his shares in the transaction.

Read Full Article

Used electric vehicle price gap ‘hard for consumers to justify’

Fleet News | June 14, 2021, 11:40 p.m.

Price premium for pure used battery electric vehicles (BEVs) is leaving buyers reluctant to make the switch, when faced with a cheaper, second-hand diesel car.

Read Full Article

$15m in sales with no funding: How a Singapore baby ecommerce brand did it

Tech in Asia | June 15, 2021, 3:16 a.m.

Amazon’s robust services gave the startup a big boost and helped fend off ruthless competitors, the founders say.

Read Full Article

Taxing digital advertising could help break up big tech

Technology Review | June 14, 2021, 1:58 p.m.

For the past several years, economists, and government leaders have regularly sounded alarms about the dangers of big tech monopolies. On her 2020 campaign website, for example, Senator Elizabeth Warren said “big tech companies have too much power, too much power over our economy, our society, our democracy.” In the months since the election, politicians…

Read Full Article

Verizon’s telematics unit shifts from 3G to 4G

Fierce Wireless | June 14, 2021, 7:18 p.m.

Verizon’s telematics unit shifts from 3G to 4G mallevenMon, 06/14/2021 - 18:18

Read Full Article

Singaporean media investment firm sets up $150m SPAC fund for MENA region

Tech in Asia | June 15, 2021, 3:06 a.m.

This comes after the merger of VMC's SPAC with music-streaming platform Anghami, which led to the latter being listed on the Nasdaq in the US. 

Read Full Article