Top 5 Trends for 2024: Embracing cloud technology for streamlined labeling and enhanced efficiency

In the ever-evolving landscape of digital transformation, one trend stands out prominently in Loftware's 2024 report: the pivotal role of cloud computing in reshaping business operations, particularly in the realm of labeling and supply chain management. As companies worldwide grapple with supply chain disruptions, labor constraints, and technological advancements, the adoption of cloud-based solutions emerges as a cornerstone for driving efficiency, scalability, and resilience. In fact, according to Loftware’s annual ‘Top 5 Trends in Labeling & Packaging Artwork’ report, 52% of companies reported using public or private cloud as their preferred deployment for enterprise applications. 
  
Cloud computing has transitioned from its status as a technology trend to becoming a fundamental component of modern business strategies. Across industries, businesses are increasingly leveraging cloud platforms to revolutionize traditional practices and enhance supply chain resilience. This shift is particularly evident in the world of labeling, where cloud technology is streamlining processes that were once manual and error-prone.  
 
Read on for key insights from the report and explore how the Cloud has become a catalyst for digital transformation.  

Streamlining operations through automation 

Manual processes have posed significant barriers to growth and efficiency. For companies still reliant on fragmented solutions, the transition to cloud-based labeling marks a profound shift. By digitizing labeling processes, organizations can eliminate bottlenecks, reduce errors, and achieve greater consistency in their operations. Of those surveyed, 71% credited automated labeling for reducing labeling and artwork errors. Real-time intelligent workflows enable proactive management of labeling variations, ensuring compliance with evolving regulatory standards and customer expectations. 

Enhancing supply chain dynamics 

In the current global marketplace, the health of the supply chain hinges critically on efficient labeling practices. Cloud technology facilitates seamless collaboration across diverse stakeholders, including suppliers and partners, thereby optimizing supply chain dynamics. The scalability of cloud solutions empowers businesses to adapt swiftly to market fluctuations and operational demands, ensuring continuous uptime and minimizing disruptions upstream and downstream. In fact, 53% of those surveyed view the most important benefits of labeling in the cloud to be eliminating bottlenecks and improved time to market. This agility is indispensable in mitigating risks associated with supply chain and enhancing overall operational resilience.

Leveraging AI for intelligent operations

The convergence of artificial intelligence (AI) and cloud computing represents a seismic shift in operational capabilities. In fact, 76% of those surveyed think AI will be an important part of their business operations and supply chain within the next three years. Cloud platforms provide the infrastructure necessary for AI model training and execution, enabling sophisticated applications such as real-time monitoring and predictive analytics in labeling and inventory management. AI-powered algorithms deployed via the cloud accelerate error detection, improve accuracy, and enhance agility across production cycles. As AI continues to evolve, its integration with cloud technologies promises to redefine operational efficiencies and drive competitive advantage in the global marketplace.   
 
For more information about Loftware’s Top 5 Trends 2024, download our report for free. Additionally, you can watch a recording of the ‘2024 Top 5 Trends in Labeling & Packaging Artwork’ webinar here.