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Internet of Things (IoT) in Consumer Goods - Thematic Intelligence

Publisher GlobalData
Published Oct 19, 2023
Length 59 Pages
SKU # GBDT18344743

Description

Internet of Things (IoT) in Consumer Goods - Thematic Intelligence


Summary

The Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. GlobalData estimates that spending IoT by consumer goods will reach $22.7 billion in 2027, having grown at a compound annual growth rate (CAGR) of 11.6% between 2022 and 2027.

The IoT is highly valuable to consumer industries, offering a range of benefits that can enhance operations and customer experience and support innovation. Implementing IoT-driven technologies in supply chains improves visibility, agility, and efficiency. The technology can be used throughout the consumer, foodservice, and packaging supply chains to improve efficiency by monitoring inventory levels, demand patterns, and logistics, all while reducing costs.

Scope
  • IoT technology is deployed across the whole consumer goods value chain and can enable consumer goods companies to automate workflows, improve efficiency while reducing costs, and improve safety and ESG credentials.
  • IoT technology can be used to tackle food waste, a big problem in the fast-moving consumer goods (FMCG) supply chain. An estimated 1.6 billion tons of food are lost or wasted globally every year, with a value of $1.2 trillion. The UN has targeted reducing 50% of food wastage by 2030 as part of its Global Opportunities for Sustainable Development Goals.
  • IoT can also enable smart packaging, guaranteeing food product safety and reducing waste. Smart packaging includes sensors that monitor factors like temperature, humidity, and freshness, providing real-time information about the condition of the food. This helps identify potential issues that could lead to spoilage or waste.
Reasons to Buy
  • Benchmark your company against your competitors and assess how consumer goods, packaging, and foodservices companies are utilizing IoT to drive revenues.
  • Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the consumer goods industries.
  • Understand key industry challenges and where IoT use cases are most useful.
  • Develop and design your corporate strategies through an in-house expert analysis of IoT by understanding the primary ways in which this theme is impacting the consumer goods industries.
  • Position yourself for future success by investing in the right IoT technologies.

Table of Contents

59 Pages
Executive Summary
Players
Consumer Challenges
The Impact of IoT on Consumer
Physical layer
Connectivity layer
Data layer
App layer
Services layer
How IoT can help address the challenge of ESG
Packaging
Foodservice
How IoT can help address the challenge of supply chain management
Consumer goods
Packaging
How IoT can address the challenge of innovation and changing consumer preferences
Consumer goods
Case Studies
L’Oréal’s wearable device that uses sweat to detect skin conditions
Nestle’s digital warehouse is tech-enabled
Domino’s improved store productivity with Crunchtime’s Zenput
KFC is improving its position in IoT
Stora Enso’s plastic-alternative RFID tags
Berry Global aims to reduce its energy consumption
Market Size and Growth Forecasts
Signals
Mergers and acquisitions
Company filing trends
IoT Value Chain
Physical layer
Connected things
Cameras and lenses
Sensors and microcontrollers
Microprocessors
Connectivity layer
Edge infrastructure
Cloud infrastructure
Networking equipment
Telecom networks
Data layer
Data integration
Data aggregation
Data processing
Data storage
Data validation
Data governance and security
App layer
Apps
Platforms
Services layer
Integration services
Consulting services
Companies
Leading IoT adopters in consumer goods
Specialist IoT vendors in consumer goods
Sector Scorecard
Consumer sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Foodservice sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Packaging sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Consumer Challenges
Table 2: Mergers and acquisitions
Table 3: Leading IoT adopters in consumer goods
Table 4: Specialist IoT vendors in consumer goods
Table 5: Glossary
Table 6: GlobalData reports
List of Figures
Figure 1: Key players in IoT
Figure 2: Pertinent topics in consumer goods company filings
Figure 3: Thematic investment matrix
Figure 4: The global IoT in consumer goods market is set to reach $22.7 billion by 2027
Figure 5: The global IoT in foodservice market is set to reach $17.9 billion by 2027
Figure 6: IoT has the highest number of mentions in consumer goods filings compared to other themes
Figure 7: The IoT value chain
Figure 8: The IoT value chain - Physical layer: leaders and challengers
Figure 9: The IoT value chain - Connectivity layer: leaders and challengers
Figure 10: The IoT value chain - Data layer: leaders and challengers
Figure 11: The IoT value chain - App layer: leaders and challengers
Figure 12: The IoT value chain - Services layer: leaders and challengers
Figure 13: Who does what in the consumer space?
Figure 14: Thematic screen - Consumer sector scorecard
Figure 15: Valuation screen - Consumer sector scorecard
Figure 16: Risk screen - Consumer sector scorecard
Figure 17: Who does what in the foodservice space?
Figure 18: Thematic screen - Foodservice sector scorecard
Figure 19: Valuation screen - Foodservice sector scorecard
Figure 20: Risk screen - Foodservice sector scorecard
Figure 21: Who does what in the packaging space?
Figure 22: Thematic screen - Packaging sector scorecard
Figure 23: Valuation screen - Packaging sector scorecard
Figure 24: Risk screen - Packaging sector scorecard
Figure 25: Our five-step approach for generating a sector scorecard

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