Ranpak to Launch Game-Changing Data Driven Solutions Delivering Unrivalled ROI for End-of-Line Packaging

Business Wire02-27

(Photo: Business Wire) The interaction between Ranpak’s Cut’it!™ EVO automated in-line packaging machine and three new AI-powered vision tools creates a solution far greater than the sum of its...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2414877460?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/SfrAJufjwnn9cpxa45zs7w--~B/aD0zMjA7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/0a4f490ac8e6ca47b7664f278ac6a501","is_english":true,"pubTime":"2024-02-27 21:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2414877460","market":"us","top_or_hot":-1,"title":"Ranpak to Launch Game-Changing Data Driven Solutions Delivering Unrivalled ROI for End-of-Line Packaging","media":"Business Wire","content":"<div>\n<p>(Photo: Business Wire)\n \n\n\n\n\n\nThe interaction between Ranpak’s Cut’it!™ EVO automated in-line packaging machine and three new AI-powered vision tools creates a solution far greater than the sum of its...</p>\n\n<a href=\"https://finance.yahoo.com/news/ranpak-launch-game-changing-data-133000046.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ranpak to Launch Game-Changing Data Driven Solutions Delivering Unrivalled ROI for End-of-Line Packaging</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRanpak to Launch Game-Changing Data Driven Solutions Delivering Unrivalled ROI for End-of-Line Packaging\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-27 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ranpak-launch-game-changing-data-133000046.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Photo: Business Wire)\n \n\n\n\n\n\nThe interaction between Ranpak’s Cut’it!™ EVO automated in-line packaging machine and three new AI-powered vision tools creates a solution far greater than the sum of its...</p>\n\n<a href=\"https://finance.yahoo.com/news/ranpak-launch-game-changing-data-133000046.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROII","symbol_name":"RiskOn International, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ranpak-launch-game-changing-data-133000046.html","article_id":"2414877460","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SfrAJufjwnn9cpxa45zs7w--~B/aD0zMjA7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/0a4f490ac8e6ca47b7664f278ac6a501"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2414877460","pubTimestamp":1709040600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The interaction between Ranpak’s Cut’it!EVO automated in-line packaging machine and three new AI-powered vision tools creates a solution far greater than the sum of its parts.EVO automated in-line packaging machine with three game-changing digital tools that deliver unrivalled ROI to end-of-line  packaging applications.Ranpak’s solutions are designed to ensure materials are packed using the smallest amount of volume while minimizing void fill, supporting customers in reaching the maximum 40% void target mandated by the EU Packaging Directive. With over 50 years of innovation in paper packaging, Ranpak Automation solutions are also uniquely sustainable, leveraging fully recyclable paper materials.DecisionTower applies a unique combination of 2D and 3D AI-supported computer vision technology for a variety of insightful tasks, including quality control, order insights, and precision void filling. In this case, the solution directs the void fill converter to dispense an optimal amount of p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ROII":"RiskOn International, Inc.","PACK":"Ranpak Holdings","BK4136":"纸材料包装","BK4213":"石油与天然气的勘探与生产"},"translate_title":"Ranpak将推出改变游戏规则的数据驱动解决方案，为生产线末端包装提供无与伦比的投资回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROI":1,"ROII":1,"PACK":0.9},"content_text":"(Photo: Business Wire)\n \n\n\n\n\n\nThe interaction between Ranpak’s Cut’it!™ EVO automated in-line packaging machine and three new AI-powered vision tools creates a solution far greater than the sum of its parts.\nCONCORD TOWNSHIP, Ohio, February 27, 2024--(BUSINESS WIRE)--Ranpak Holdings Corp. (\"Ranpak\") (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, today announced it has enhanced its breakthrough Cut’it!™ EVO automated in-line packaging machine with three game-changing digital tools that deliver unrivalled ROI to end-of-line (EOL) packaging applications.\nRanpak’s solutions are designed to ensure materials are packed using the smallest amount of volume while minimizing void fill, supporting customers in reaching the maximum 40% void target mandated by the EU Packaging Directive. With over 50 years of innovation in paper packaging, Ranpak Automation solutions are also uniquely sustainable, leveraging fully recyclable paper materials.\nUnlocking Unrivalled ROI By Beginning with the End in Mind\nThe Cut’it!™ EVO automated in-line packaging machine is at the core of Ranpak’s integrated approach to EOL automation. The machine automatically shortens cartons to match their highest point of filling before gluing a lid securely in place. Cut’it!™ EVO delivers unrivaled ROI as a standalone solution by enabling labor savings, EOL flow optimization, enhanced unboxing experience, shipping cost reduction, reduced material usage and consolidated box footprints.\nHowever, when used in combination with Ranpak’s new digital tools, the benefits of the solution increase multiplicatively, helping customers stay ahead of regulatory requirements while unlocking a clear competitive advantage. These three digital tools accelerate the ROI already delivered by Cut’it!™ EVO to an unrivalled level. They include:\n\nRanpak Precube’it!™ which is the first element of this breakthrough EOL technology suite. This solution uses historical site order data to simulate machine utilization and box fill rates for future scenarios, amongst its other capabilities. It also consolidates and optimizes the range of box sizes required to be maintained on site, reducing the amount of corrugated material required by choosing the right design and size boxes for each parcel. It can also be utilized to reduce the number of split shipments. Precube’it!™ supports actionable insights in an analysis that is much more precise than other tools that typically calculate using liquid volume.\n\n\nDecisionTower™ applies a unique combination of 2D and 3D AI-supported computer vision technology for a variety of insightful tasks, including quality control, order insights, and precision void filling. In this case, the solution directs the void fill converter to dispense an optimal amount of paper for each specific box. This optimizes dimensioning and usage of packaging materials. AI and machine learning algorithms help the solution deliver increased precision over time across all its applications.\n\n\nRanpak Connect works in conjunction with Cut’it!™ EVO, providing a detailed overview of machine utilization and performance in daily reporting on parameters including uptime and downtime root causes. It includes an integrated camera in the machine to support performance analyses and identifies training and maintenance needs before escalation is required.\n\n\"We are pleased to be presenting these uniquely integrated digital EOL packaging solutions to the marketplace, in order to support increased efficiency within warehouses combined with a more sustainable EOL packaging experience,\" said Bryan Boatner, Global Managing Director of Automation at Ranpak. \"Our perspective is that as packing operations look to gain efficiencies, EOL packaging automation, rather than an afterthought, should actually be where companies begin their automation process. Our experience is that the cascading benefits of end-of line automation can condense time to ROI to within one to three years Instead of the three to five years piecemeal and back-end investments usually deliver. This is unique in the industry, and not only ensures regulatory compliance around the globe, but also helps packaging operations meet their profitability and sustainability goals in new and innovative ways.\"\nRanpak will be bringing these updated automated end-of-line (EOL) packaging solutions and more to MODEX 2024, scheduled for 11-14 March at World Congress Center in Atlanta, Georgia. Ranpak will be located at booth A10921 at the show.\nTo schedule a personal briefing and/or packing experience during the show, please contact boatner.bryan@ranpak.com or visit https://www.ranpak.com/modex/?utm_campaign=modex24&utm_source=pressrelease&utm_medium=digital-print\nFor more information about Ranpak, please visit: www.ranpak.com.\nAbout Ranpak\nFounded in 1972, Ranpak's goal was to create the first environmentally responsible system to protect products during shipment. Ranpak’s mission is to deliver sustainable packaging solutions that help improve supply chain performance and costs, reduce environmental impact, and support a variety of growing business needs globally. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 600 employees. Additional information about Ranpak can be found on its website: https://www.ranpak.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240227019908/en/\nContacts\nInvestor Inquiries:Bill Drewir@ranpak.com\nUS Media Inquiries: Cory ZiskindCory.Ziskind@icrinc.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2414877460"}