London, Feb 14, 2018: The retail and e-commerce industries are the most prominent consumers of the industrial labels category. In the retail sector, labels have become an integral part of brand communication. As a result, companies are increasing their spending on the category. In the e-commerce industry, labels are increasingly being used for inventory management and as a security measure. Together, these two end-user segments account for more than half of the total demand of the category.
SpendEdge’s latest procurement research report on the global industrial labels market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the packaging and labeling, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Security labels are increasingly being used by businesses to increase the efficiency of their supply chain operations. By using security labels, businesses can ensure that the product reaches their partners or customers in its original form. This is because security labels are tamper proof and leave a void on their surface if tampered with” – Bhuvaneshwari Udayakumar, packaging and labeling expert at SpendEdge.
Buyers often do not have the experience or technology that is best suited to their needs. For instance, buyers in developing regions often face issues while procuring digitally printed labels as the technology is relatively new and untapped. Consequently, buyers have to compromise with other solutions that may be costlier and do not fulfill their requirements in an ideal manner. Such unavailability of advanced industrial label solutions are causing procurement problems for the buyers in this market.
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This procurement report on the industrial labels market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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