Welcome to our first edition of the Insight Quarterly in 2022. It’s packed with stories across multiple industry segments, featuring customer case studies, product innovations, and the latest market trends and insights. 

First of all, I want to take this opportunity to express my gratitude to you, for your partnership, trust, outstanding loyalty and patience throughout a very dynamic year 2021. Thanks to you, our valued customers and business partners, it has been a successful year for Avery Dennison, marking the company’s tenth consecutive year of strong growth. Our strong performance comes at a challenging time as the global health crisis lingers, supply chains continue to be constrained, raw material shortages remain and significant inflationary pressures persist.

Unfortunately, this year has started with another global crisis that impacts global trade and daily life — the war in Ukraine. Avery Dennison condemns the violence in the region and is taking several actions to support the people of Ukraine. Our priority since the beginning of the crisis, has been to care for our people across the region who are directly impacted and provide humanitarian support. We are monitoring the situation closely and will adjust actions accordingly. 

Despite these challenges we also see that customer demand remains strong. We are therefore investing significantly in people and capacity to ensure that we can continue to meet your needs, while also preparing for the future. One example is our new manufacturing site in Brazil that will become fully operational early Q2 2022. Another example is our acquisition of TexTrace AG, an innovator in integrated RFID products. The innovative woven and knitted RFID products that TexTrace has developed, will add significant value to the traditional way the apparel and retail sector uses RFID, creating the opportunities for a more sustainable and intelligent future where digital ID’s can live with the lifecycle of the garment.  

We are currently not anticipating any significant disruption to our operations but continue to focus on building resilience and agility in our supply chain globally, ensuring that we have inventory available to deliver on our commitments to our customers. As we come together in times of crisis to ensure stability, protect each other, serve our customers and support our communities, we continue to hope for an end to the hostilities. 

As always, if you have any feedback or questions, please don't hesitate to reach out to us here.

Sincerely,

Francisco Melo

Vice President & General Manager

Avery Dennison Smartrac

Insights + trends:

Chipotle deploys RFID for traceability and food safety

In the food and restaurant sector food safety along with better supply chain and inventory management becomes ever more critical. To address these market needs, Avery Dennison is leading a number of initiatives to drive digital transformation in this field. One recent example is Chipotle in the US, using serialized RFID case labels to transform inventory management into an automatic, digital function.

Avery Dennison acquires TexTrace, an innovator in integrated RFID products

We are excited to announce our acquisition of TexTrace AG, an innovator in integrated RFID products. This move will expand Avery Dennison’s digital ID portfolio to offer new solutions adding significant value to the traditional way the apparel and retail sectors use RFID, and creating the opportunity for a more sustainable and intelligent future.

RFID moves to the cloud: New opportunities emerge for enterprise solution providers

Item-level tracking can help to make supply chains more efficient and hence tackle one of our biggest challenges: the waste of resources. Find this ebook from IDC and learn how cloud-based RFID platforms allow more companies than ever to contribute and access relevant item-level data and benefit from a vast array of RFID use cases.

Innovation:

Avery Dennison’s atma.io launches groundbreaking sustainability features to minimize carbon footprint and eliminate waste

Following atma.io’s recent win in the FDA food traceability challenge and the announcement of its partnership with Higg, the new features will help transform how brands meet net-zero targets and reduce waste across the supply chain. These new AI-driven tools will empower businesses to get meaningful insights which are vital to their environmental, social and governance commitments.

Sustainability:

A supply chain revolution in food retail

ReFED estimates 35 percent (28 million tons) of wasted food in the US is lost earlier in the supply chain, either on farms or while in production. It doesn’t have to be this way. One prominent retailer, with 300 grocery stores, has taken an unprecedented step. It has adopted smart, connected reusable transport items (RTIs) to help shine a light into the darkest corners of its food supply chain.

Shining a light on provenance: How supply chain data can revolutionize your sustainability

Climate change is the defining issue of our era and will dominate the next few decades as the world desperately seeks ways to stave off the worst effects of global warming. Businesses will be pivotal to this effort as significant contributors of emissions, and are at the heart of any attempt to increase traceability. Read in this Bloomberg article how atma.io connected product cloud is helping businesses to demonstrate exactly where individual components of items have come from, and that they have been sourced or made in an environmentally and socially responsible fashion.

Trade shows + events:

We participate in leading RFID and technology events around the world and are attending or hosting virtual events such as online conferences and webinars. Each is an important touchpoint and great opportunity for us to get in touch with you — our customers and business partners.

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