QR codes are playing a vital role in the global smart logistics revolution, streamlining a wide range of supply chain operations. QR codes streamline key logistics processes, including inventory tracking and management, shipment tracking, and asset management, improving their efficiency and accuracy.
Using QR codes in inventory management helps logistics businesses increase operational efficiency by up to 30% .
According to a 2024 research report, using QR codes can increase the efficiency of warehouse operations by up to 25% .
Packaging
An ideal tool for smart packaging, QR codes on product packaging serve as a digital gateway to product information. Top brands like Amazon, PepsiCo, Starbucks, L'Oréal, Coca-Cola, and Nestlé are integrating QR codes into product packaging to increase sales, increase ROI, and build consumer trust.
According to the study, nearly 57% of consumers worldwide have scanned QR codes on food packaging to get more information about products. Meanwhile, 34% of customers have scanned the codes to access brand information or enter competitions.
As of 2022, around 92% of CPG brands printed QR codes on product packaging, while 20% of these brands student database used the codes to share product sustainability information with consumers.
Smart packaging involves the use of codes and sensors to add digital functionality to packaging. It has various applications such as tracking product location and sharing in-depth product information.
The global smart packaging market was valued at USD 36.04 billion in 2022. The market size is estimated to be USD 68.99 billion by 2032, growing at a CAGR of 6.8%.
Mixed
QR codes play a key role in making AR experiences accessible to users. The global AR and VR market is expected to grow from USD 22.12 billion in 2024 to USD 96.32 billion by 2029, exhibiting a robust CAGR of 34.2% during the forecast period.
QR codes allow professionals to direct users to their digital business cards. The global digital business card market size is worth $181.46 billion in 2024 and is likely to reach $389.3 billion by 2032, growing at a CAGR of 10.01%.
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