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Poll finds manufacturers see more than 10% of goods mislabelled every year

Poll finds manufacturers see more than 10% of goods mislabelled every year
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1 in 5 Goods Mislabeled Every Year, Costing Manufacturers $89,000 a Year

Minimizing errors that lead to a need to relabel products is the second biggest challenge manufacturers worldwide face in getting new label designs into production.

Labeling issues cost manufacturers nearly GPB 1 million a year

The recent global study of IT directors conducted by NiceLabel has revealed that manufacturers, on average incur annual losses of around GPB 955,000 due to production line shutdowns caused by label printing problems. The study of 300 IT directors found that on average more than two-thirds of manufacturers (67 percent) were having to shut down their production line for more than an hour if there was a problem with label printing, with an additional 21 percent saying the line had to be shut down for more than 30 minutes.  The study also revealed that manufacturers were having to pause production lines just under six times a year on average due to such problems, with more than three-quarters (77 percent) saying their production line had to be paused four times or more in the past year as a consequence of these.

Labeling for successful logistics

The Covid-19 pandemic has created unprecedented challenges for supply chain and logistics management in the last few months. Products such as canned food, toilet paper and cleaning supplies have seen a significant rise in demand; other end use sectors have slowed dramatically. Simultaneously, e-commerce is booming. Some companies are struggling to meet demand fueled by the increasing number of customers adopting online buying habits. The shift to virtual shopping and a focus on consumer desire for safety has had a massive impact on the logistics market and the entire supply chain, including label manufacturers. Pandemic magnifies challenges According to Forbes, e-commerce has seen a 129 percent year-on-year growth in the US and Canada as of April 21, with an impressive 146 percent growth in all online retail orders. ‘The biggest challenge right now is keeping up with this unusually high demand,’ comments Stephanie D’Cruz, product manager, variable information at Avery Denni

NiceLabel named one of top software providers

NiceLabel, a global developer of label design software and label management systems, has been spotlighted on the FL 100+, Food Logistics magazine’s annual list of the top 100-plus software and technology providers for the food and beverage industry. The list presents a resource guide of software and technology providers whose products and services are crucial for businesses in the global food and beverage supply chain. This news tops off a successful year for NiceLabel in which was similarly named in SupplyChainBrain’s 100 Great Supply Chain Partners for a second time. The company also launched a non-commercial and non-profit-based initiative supporting organizations involved in fighting Covid-19, with free subscriptions of its cloud-based technology. 

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