Packaged products have become an essential, now more than ever, in the wake of the COVID-19 pandemic. With the rapid increase in packaged products – from hand sanitizers and pharmaceuticals to food products and e-commerce goods – there is an increasing demand for contract packaging services as well. The agility to market has swiftly become the key attribute for contract packagers while adjusting and adapting to this evolving market space. On that front, leading-edge technologies are being leveraged today by contract packagers to monitor, automate, optimize and improve their operations and functionalities.
In an industry where utmost flexibility is the hallmark of the business, automation has been traditionally considered quixotic. However, it has been changing since the start of the last decade with the advent of collaborative robots (cobots). Challenged with the need to remain highly flexible while reconciling the rising operation costs, contract packagers today rely on cobots to efficiently handle repetitive tasks with ease without compromising on quality. Its ability to work closely and safely with human co-workers makes cobot an ideal solution for handling production line challenges faced by contract packagers today.
Meanwhile, predictive maintenance is also gaining prominence in the contract packaging sector. While preventative maintenance routines only gauge challenges at the exact moment, predictive maintenance can aggregate data by leaning on the internet of things (IoT) technology and accurately anticipate equipment failures and risks. Utilizing machine learning (ML) algorithms, predictive analytics programs can not only receive automated readings but can send out automated maintenance requests. It streamlines the entire process and drastically reduces maintenance costs.
Notably, the concept of smart packaging warehouses is briskly getting closer to becoming a reality today. Businesses are growingly focusing on creating competitive advantages by integrating the information technology (IT) systems with artificial intelligence (AI) and ML algorithms.
At this juncture, there is a variety of contract packaging service companies available in the market that cater to the different needs of manufacturers and enterprises. To help them choose the company that best fits their requirement, Manufacturing Outlook has compiled a list of the top 10 contract packaging service companies. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CXOs.
We present to you Manufacturing Outlook’s, “Top 10 Contract Packaging Service Companies – 2021.”