Avery Dennison, a global materials science and digital identification solutions company, connects the physical and digital to solve some of the world’s most complex challenges. As the inventor of the self-adhesive label nearly 90 years ago, the company specializes in using innovation to create new possibilities.
Revolutionizing Supply Chains: Avery Dennison’s Innovative Label Solutions
On average 8% of stock perishes or is discarded annually, which is worth approximately $163 billion worth of inventory, according to “The Missing Billions” report by Avery Dennison. The environmental cost of a complex supply chain is immeasurable, particularly for the fashion and food industries. The issue of waste is one of the most vital and urgent of our times and is incumbent upon companies to act now. Avery Dennison, a global leader in materials science and digital identification solutions, connects the physical and digital to solve this pressing challenge. Through this connectivity, Avery Dennison enables supply chain visibility, making it possible to reduce waste and overproduction in the industries it serves.
As the inventor of the self-adhesive label nearly 90 years ago, Avery Dennison is a company founded in a long history and rich heritage based in innovation. From humble beginnings, the company has grown from one bright idea into a global Fortune 500® corporation that continues to create new possibilities and drive value with products and solutions that are on or in countless objects that people around the world see and use every day.
As the world started to become increasingly digital, Avery Dennison has evolved to meet and foresee industry disruptions, and the company dedicates itself to bridge the gap between the physical and digital worlds. Avery Dennison believes that when you connect physical products to the digital world, vast opportunities and greater possibilities are unlocked.
Transforming Industry Standards: How Avery Dennison’s Labels Lead the Way
The journey started over a decade ago, when Avery Dennison introduced RFID technology into their labels and it revolutionized the supply chain. Most of the challenges across industries come back to the lack of traceability and transparency, amongst increasingly complex supply chains. RFID provided a conduit for information to be carried on a garment.
Empowering Sustainability: Avery Dennison’s Labeling Solutions for a Greener Future
In 2021, Avery Dennison launched atma.io, connected product cloud. Working in concert with RFID, atma.io is capable of creating, assigning, and managing unique digital identities for every physical item in the world. By creating a digital twin for each product, the company can trace the product from source, through the supply chain to the home and back again through one single source.
Avery Dennison envisions a future where every physical item will have a unique digital identity and digital life. And they are actively working to not just implement this, but showcase what’s possible when this is a reality.
“At Avery Dennison, we believe that solving some of the world’s most complex problems are actually some of the world’s best business opportunities,” says Francisco Melo, President, Solutions Group at Avery Dennison.
“The Missing Billions in the Supply Chain” Avery Dennison Global Supply Chain Research, 2022
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