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Blockchain Procurement Intelligence: A Roadmap for Success
The blockchain category is anticipated to expand at a CAGR of 87.7% from 2023 to 2030. North America accounts for the largest share of the category. The increasing demand for digital processes in the business is boosting growth. Companies are focusing on adopting technology for smooth transaction processes and data transparency. For instance, in January 2022 Walmart used blockchain technology to improve its supply chain by tracing storage of goods within seconds using the technology.
By Market News2 months ago in Journal
Catering Service Procurement Intelligence in the Digital Age
The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The rise of the catering sector is mostly driven by the rising popularity of online catering. New habits are becoming ingrained and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of reasons, including changing food preferences, the rise of online ordering and delivery, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business.
By Market News2 months ago in Journal
Key Trends and Insights in Blister Packaging Procurement Intelligence
The blister packaging category is expected to grow at a CAGR of 7.7% from 2023 to 2030. North America accounts for the largest share of the category. Transformation in packaging solutions is driving the demand in the category. Rising concerns about product safety, technology innovation, and sustainability have changed the way manufacturers are producing packaging solutions. Manufacturers are focusing on producing blister packaging using eco-friendly plastics. For instance, in 2021, Amcor announced customer trials of its first recyclable polyethylene-based thermoform blister packaging, AmSky, which is an alternative for PVC in blister packaging. AmSky reduces its carbon footprint by 70% compared to PVC.
By Market News2 months ago in Journal
Electric Vehicle Charging Connector Procurement Intelligence Trends
The electric vehicle charging connector category is expected to grow at a CAGR of 18.09% from 2023 to 2030. The increasing demand for charging stations reflects a shift towards cleaner and sustainable transportation solutions. IEA 2023 global estimates show that in 2022, more than 600,000 public slow charging stations were installed in China. Europe ranked second with 460,000 chargers in 2022. For Europe, this was a 50% increase in 2022 from 2021. Netherlands, France, and Germany had the highest chargers installations within Europe. In the U.S., the stock of slow chargers rose by 9% in 2022. In the case of fast chargers, China accounted for 760,000 units. The European governments are aggressively pushing for the development of public EV charging stations to comply with the Alternative Fuels Infrastructure Regulation (AFIR). The presence of public charging points is becoming more important to facilitate the adoption of EVs on a larger scale, which in turn, boosting the category’s growth.
By Market News2 months ago in Journal
Navigating Socially Responsible Investing in Plastic Package Industry
The ubiquity of plastic package has put the spotlight on environmental, social and governance (ESG) as industry leaders take a leap towards decarbonization and circular economy. Incumbent manufacturers are harnessing sustainable packaging solutions to protect the environment, foster the planet and underscore society. There is no denying that packaging ensures product quality and safety; however, pervasive plastic pollution has been the major bottleneck towards sustainability goals.
By Market News5 months ago in Journal
Cashing in on Circular Economy Opportunities in Textile Industry
Textile is at the vanguard position as innovators and industry leaders navigate sustainability challenges and opportunities. After more than a decade of gradual growth in the use of the term environmental, social and governance (ESG) from its inception in 2006, traction has zoomed dramatically over the past few years. Assessing socially responsible investment has become instrumental for textile manufacturers and investment managers to quantify the business value of sustainability risks and opportunities. In July 2023, the European Environment Agency inferred that textile consumption in the EU led to a carbon footprint of around 270 kg (per average person).
By Market News6 months ago in Journal
ESG Reporting in Telecom: Enhancing Transparency for Stakeholders
Telecom operators are pushing to the limit to use environmental, social and governance (ESG) measures and reporting to attract investments. ESG integration into businesses can help stakeholders align with consumers’ demand for sustainable products, foster employee motivation, underpin biodiversity, minimize carbon emissions and reduce operational costs. Amidst industry leaders grappling with unpredictable challenges, socially responsible investing can be the silver lining to underpin workforce diversity, digital inclusion ventures, employee engagement and cut e-waste.
By Market News6 months ago in Futurism
Sustainability in the Mental Health Apps Industry: ESG Trends
In recent years, the mental health industry has witnessed a significant transformation with the rise of digital platforms and mobile applications designed to support mental well-being. As this sector continues to expand, it is crucial to focus on the Environmental, Social, and Governance (ESG) aspects within the mental health apps industry. ESG considerations are becoming increasingly important in determining the overall sustainability and ethical impact of these applications. In this post, we will explore the significance of ESG principles in the mental health apps industry and examine how companies are incorporating ESG practices to promote positive social change.
By Market News9 months ago in Journal
Why ESG Matters for Investors in the Digital Health Industry
The digital health industry has a significant impact on the environment, society, and governance (ESG) factors. With the increasing demand for healthcare services, the industry is faced with the challenge of balancing the need for quality care with sustainable operations. In this post, we'll explore some of the key ESG considerations in the digital health industry.
By Market News9 months ago in Futurism
The Growing Importance of ESG in the Food Grocery Retail Industry
A strategic combination of brick-and-mortar stores and sustainability has come of age to help create a society free of hunger and waste—a commitment that is all but likely to foster the ESG performance of food grocery retailers. A holistic approach and concerted efforts for a circular economy have unlocked avenues of opportunities to underscore sustainability, complementing good governance, transparency, ethics, diversity, health & wellbeing, renewable energy and greenhouse gas reduction.
By Market News9 months ago in Journal
E-commerce Industry: A Closer Look at ESG Factors
The Environmental, Social, and Governance (ESG) approach is not only important in risk approaches such as risk avoidance but has significant impact on financial growth. The e-commerce sector has seen tremendous growth in recent years since they sell millions of products every day through e-commerce platforms. This has continued to increase post the Covid pandemic as people’s shopping behavior has changed dramatically. The change in shopping preferences has increased the responsibility of e-commerce retailers to make everyday products safer and more sustainable. This means effectively managing a company’s goals in line with ESG initiatives.
By Market News9 months ago in Futurism
The Importance of ESG in the Life Science Analytics Industry
Business goals in the healthcare and medical sectors are increasingly linked with big data, so much so that life science analytics has become a major proponent of environmental, social and governance (ESG) practices. At a time when life science companies are painstakingly emphasizing the manufacturing and distribution of medicines, research and development and innovation, sustainable reporting has become instrumental in solidifying their brand positions.
By Market News9 months ago in Journal