BestBrightHalfHOUSEtwo.qxp_Layout 1 9/12/18 4:28 PM Page 1 Artificial intelligence (AI) — Comp nies are us- ing AI in several ways to address ESG challenges Emerging Trends Affect ESG In Packaging GlobalData has released what it considers to be the key technology trends impacting environmen- tal, social, and governance (ESG) performance. Online shopping and delivery services have dom- inated the shopping landscape over the last year as a result of Covid-19 restrictions. As a result, the packaging sector is under significant scrutiny not only for the safety and hygiene credentials, but also for their sustainability benefits as consumers seek environmentally responsible solutions that do not interfere with their shopping habits. Internet of Things (IoT) — Packaging compa- nies use IoT in their factories to operate with far greater efficiency and flexibility, and to constant- ly monitor energy and water consumption. A 2018 analysis of more than 640 IoT deployments, un- dertaken by the World Economic Forum (WEF) in collaboration with IoT Analytics, showed that 84% of existing IoT deployments address, or have the power to advance, the United Nations (UN) 17 Sus- tainable Development Goals (SDGs).
within the packaging sector. For example, compa- nies can deploy AI to analyse data from production machines and cooling and heating systems to iden- tify areas to improve their efficiency. Additionally, AI-powered robots use computer vi- sion (CV) and machine learning (ML) to differenti- ate and sort materials based on their characteristics to ensure they can re-enter the supply chain. ESG: Advanced materials — As progress in ad- vanced materials continues amid a growing focus on recyclable materials, increased taxation, and ris- ing bans on single-use plastics, materials such as polyvinyl chloride (PVC), low-density polyethylene (LDPE), and high-density polyethylene (HDPE) will be less favorable options for packaging. Blockchain — Blockchain is an electronic ledger of transactions that are continuously maintained in blocks of records. The ledger is jointly held and run by all participants and protected by cryptographic security. The movement of goods across the globe depends on a complex set of processes and a vast ar- ray of regulations. Blockchain enables companies to record information like location, quantity, date, and certification, increasing transparency and efficiency and reducing the number of counterfeit products.
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