FedEx founder Fred Smith Shares Views on Game Changing AI in Packaging in 2023

This News Covers

• Which 5 industries which depend upon packaging industry will get impacted?
• Global Impact due to AI in packaging in top 5 industries
• Which countries are going to get impacted due to this move?
• Globally, what will be the impact of AI in packaging be in next 5 years?

FedEx is doubling down on its’ already industry-leading usage of AI in packaging. It has partnered with Bedford Massachusetts based Berkshire Grey – a tech company that – according to its’ bio - develops integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics. The company's systems automate pick, pack and sort operations.

MarketsandMarkets believes that increased innovation in packaging AI will have accelerated impact on the overall demand of various products. Here are three areas where it could have a significant impact in the future: 

1. E-commerce and online shopping: With the growth of e-commerce and online shopping, packaging has become a significant factor in the shipping and delivery of products. Innovations in packaging AI could improve the efficiency and sustainability of packaging processes, which could lead to increased demand for online shopping and delivery services. 
2. Food and beverage industry: The food and beverage industry is one of the largest users of packaging, and innovations in packaging AI could have a significant impact on this industry. Improved packaging technologies could help to reduce food waste and increase the shelf life of perishable products, which could ultimately lead to increased demand for these products. 
3. Healthcare and pharmaceuticals: The healthcare and pharmaceutical industries rely heavily on packaging for the storage, transport, and distribution of drugs and medical supplies. Innovations in packaging AI could help to improve the safety and efficacy of these products, as well as reduce waste and improve supply chain efficiency. This could ultimately lead to increased demand for healthcare and pharmaceutical products. 

Increased innovation in packaging AI could have a significant impact on several industries and the overall demand for various products.

Which 5 industries which depend upon packaging industry will get impacted because of this?

In addition to the e-commerce, food and beverage, and healthcare and pharmaceutical industries, there are several other industries that rely on the packaging industry and could be impacted by increased innovation in packaging AI. Here are five additional industries: 

1. Consumer goods: Consumer goods such as household products, personal care items, and electronics all require packaging for distribution and retail sale. Innovations in packaging AI could help to improve the design and functionality of packaging for these products, which could lead to increased demand. 
2. Automotive: The automotive industry uses packaging for the transportation and storage of parts and components. Innovations in packaging AI could help to improve the safety and efficiency of these processes, which could ultimately lead to increased demand for automotive products. 
3. Construction: The construction industry uses packaging for the transportation and storage of building materials such as lumber, roofing, and insulation. Innovations in packaging AI could help to improve the sustainability and safety of these processes, which could lead to increased demand for construction materials. 
4. Retail: The retail industry relies on packaging for the display and sale of products in stores. Innovations in packaging AI could help to improve the design and functionality of retail packaging, which could lead to increased demand for these products. 
5. Logistics and transportation: The logistics and transportation industry relies heavily on packaging for the shipment and delivery of products. Innovations in packaging AI could help to improve the efficiency and safety of these processes, which could ultimately lead to increased demand for logistics and transportation services. 

Overall, increased innovation in packaging AI could have a significant impact on several industries beyond just those that directly use packaging, including consumer goods, automotive, construction, retail, and logistics and transportation. 

By improving the efficiency, sustainability, and safety of packaging processes, it will lead to increased demand for online shopping, food and beverage products, and healthcare and pharmaceutical products.

Global Impact due to AI in packaging in top 5 industries

Increased innovation in packaging AI could have a significant impact on several industries. Here are five industries that could be impacted: 

1. E-commerce: With the growth of e-commerce and online shopping, packaging has become a critical factor in the shipping and delivery of products. Innovations in packaging AI could help improve the efficiency and sustainability of packaging processes, which could ultimately lead to increased demand for e-commerce and delivery services. 
2. Food and beverage: The food and beverage industry is one of the largest users of packaging, and innovations in packaging AI could have a significant impact on this industry. Improved packaging technologies could help reduce food waste and increase the shelf life of perishable products, which could ultimately lead to increased demand for these products. 
3. Healthcare and pharmaceuticals: The healthcare and pharmaceutical industries rely heavily on packaging for the storage, transport, and distribution of drugs and medical supplies. Innovations in packaging AI could help improve the safety and efficacy of these products, as well as reduce waste and improve supply chain efficiency. This could ultimately lead to increased demand for healthcare and pharmaceutical products. 
4. Manufacturing: The manufacturing industry relies heavily on packaging for the transportation and storage of goods. Innovations in packaging AI could help improve the efficiency and sustainability of manufacturing processes, which could lead to increased demand for products in this industry. 
5. Logistics and transportation: The logistics and transportation industry relies heavily on packaging for the shipment and delivery of products. Innovations in packaging AI could help improve the efficiency and safety of these processes, which could ultimately lead to increased demand for logistics and transportation services. 

Overall, increased innovation in packaging AI could have a significant impact on various industries, including e-commerce, food and beverage, healthcare and pharmaceuticals, manufacturing, and logistics and transportation. By improving the efficiency, sustainability, and safety of packaging processes, it could lead to increased demand for various products and services across these industries. 

Which countries are going to get impacted due to this move?

The impact of increased innovation in packaging AI could be felt in various countries, depending on the level of development and investment in the industries that rely on packaging. Here are five countries that could be impacted:

1. United States: As a leader in the e-commerce and healthcare industries, the United States could be significantly impacted by increased innovation in packaging AI. The country is home to many of the largest e-commerce and healthcare companies, as well as major players in the logistics and transportation industry. 
2. China: China is the world's largest e-commerce market and a major manufacturing hub. Increased innovation in packaging AI could help improve the efficiency and sustainability of China's manufacturing and logistics industries, which could ultimately lead to increased demand for products and services.
3. Germany: As a leader in the automotive and manufacturing industries, Germany could be impacted by increased innovation in packaging AI. The country is home to many major automotive and manufacturing companies, which rely heavily on packaging for the transportation and storage of parts and components.
4. Japan: Japan is a major player in the healthcare and pharmaceutical industries, which rely heavily on packaging for the storage and transport of drugs and medical supplies. Increased innovation in packaging AI could help improve the safety and efficacy of these products, as well as reduce waste and improve supply chain efficiency.
5. United Kingdom: As a leader in the retail and consumer goods industries, the United Kingdom could be impacted by increased innovation in packaging AI. The country is home to many major retail and consumer goods companies, which rely heavily on packaging for the display and sale of products in stores.

Overall, the impact of increased innovation in packaging AI could be felt in various countries, depending on the level of development and investment in the industries that rely on packaging. Countries with strong e-commerce, healthcare, automotive, manufacturing, and retail industries are likely to be among those most impacted by these innovations. 

Globally, what will be the impact of AI in packaging be in next 5 years?

It is difficult to predict the exact impact of a packaging deal on a global level, as it depends on the specific details of the deal, the industries and markets involved, and various other factors. However, in general, a significant packaging deal could have several potential impacts over the next five years: 

1. Increased efficiency and sustainability: A packaging deal that involves innovation in packaging AI could help improve the efficiency and sustainability of packaging processes, which could ultimately lead to cost savings, reduced waste, and a smaller environmental footprint.
2. Improved safety and product quality: Innovations in packaging AI could also help improve the safety and quality of products, particularly in industries such as healthcare and pharmaceuticals, where packaging is critical for the storage, transport, and distribution of drugs and medical supplies.
3. New opportunities for growth and innovation: A significant packaging deal could also create new opportunities for growth and innovation in the industries involved. For example, new technologies or materials used in packaging could lead to the development of new products or services, or the optimization of existing ones.
4. Changes in industry dynamics: A major packaging deal could also lead to changes in the competitive dynamics of the industries involved, particularly if it involves mergers or acquisitions. This could have a ripple effect throughout the supply chain and impact the overall market structure in certain industries.
5. Increased demand for certain products or services: Finally, a packaging deal could also lead to increased demand for certain products or services, particularly those that are impacted by the innovations in packaging AI. For example, the growth of e-commerce and online shopping could lead to increased demand for packaging and shipping services that are more efficient and sustainable.

Overall, the impact of a packaging deal on a global level over the next five years will depend on many factors, but it has the potential to create new opportunities for growth and innovation, as well as to improve the efficiency, sustainability, and safety of packaging processes.