Packaging faces disruption from new market forces
The global packaging industry is undergoing significant transformation, driven by evolving consumer demands, regulatory changes, and technological advancements.
A recent report by McKinsey & Company, titled "No Ordinary Disruption: Winning with New Models in Packaging 2030," outlines five key trends poised to reshape the sector over the next decade.
The rapid growth of e-commerce is placing increased pressure on packaging systems.
As online shopping becomes more prevalent, there is a heightened need for packaging solutions that ensure product protection during transit, optimize space, and meet sustainability criteria.
This shift necessitates innovations in packaging design and materials to accommodate the unique challenges of e-commerce logistics.
Environmental concerns and regulatory measures are pushing the packaging industry toward more sustainable practices.
The European Union's Packaging and Packaging Waste Regulation (PPWR) aims to reduce packaging waste and promote recyclability. In response, companies are exploring biodegradable materials, reusable packaging systems, and designs that facilitate recycling.
These efforts align with the broader goal of establishing a circular economy within the packaging sector.
Advancements in digital technology are enabling smarter packaging solutions.
The integration of QR codes, RFID tags, and IoT devices allows for real-time tracking, improved inventory management, and enhanced consumer engagement.
These technologies also support sustainability by providing information on recycling and product origins, thereby fostering transparency and informed consumer choices.
As the packaging industry navigates these transformative trends, companies are encouraged to invest in research and development, adapt to changing consumer preferences, and collaborate across the supply chain to remain competitive in a rapidly evolving market.
"Packaging faces disruption from new market forces" was originally created and published by Packaging Gateway, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students. Use of Non-GAAP Financial Measures In evaluating its business, 51Talk considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, and non-GAAP net income/(loss) attributable to ordinary shareholders per share and per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this press release. 51Talk believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. 51Talk believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to 51Talk's historical performance. 51Talk computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. 51Talk believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in the 51Talk's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this press release provides more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "aims", "future", "intends", "plans", "believes", "estimates", "likely to" and similar statements. Among other things, 51Talk's quotations from management in this announcement, as well as 51Talk's strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk's goals and strategies; 51Talk's expectations regarding demand for and market acceptance of its brand and platform; 51Talk's ability to retain and increase its student enrollment; 51Talk's ability to offer new courses; 51Talk's ability to engage, train and retain new teachers; 51Talk's future business development, results of operations and financial condition; 51Talk's ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in its international markets; the expected growth of, and trends in, the markets for 51Talk's course offerings in its international markets; relevant government policies and regulations relating to 51Talk's corporate structure, business and industry; general economic and business condition in the Philippines, its international markets and elsewhere; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 51TALK ONLINE EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) As of Dec. 31,Mar. 31,20242025US$US$ASSETS Current assets Cash and cash equivalents27,75829,415 Time deposits1,43090 Prepaid expenses and other current assets10,90612,506 Total current assets40,09442,011 Non-current assets Property and equipment, net363620 Intangible assets, net8077 Right-of-use assets2,8882,297 Deferred tax assets5756 Other non-current assets460433 Total non-current assets3,8483,483 Total assets43,94245,494LIABILITIES AND SHAREHOLDERS' DEFICITS Current liabilities Advances from students 45,06447,892 Accrued expenses and other current liabilities 6,6446,910 Amounts due to related parties2,8533,161 Lease liabilities1,2421,027 Taxes payable1,1001,169 Total current liabilities56,90360,159 Non-current liabilities Lease liabilities1,4411,158 Other non-current liabilities310318 Total non-current liabilities1,7511,476 Total liabilities58,65461,635 Total shareholders' deficits(15,000)(16,422) Noncontrolling interests288281 Total deficits(14,712)(16,141) Total liabilities and shareholders' deficits43,94245,494 51TALK ONLINE EDUCATION GROUP UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands except for number of shares and per share data)For the three months endedMar. 31,Dec. 31,Mar. 31,202420242025US$US$US$ Net revenues 9,44916,23618,247 Cost of revenues (2,128)(3,651)(4,205) Gross profit 7,32112,58514,042 Operating expenses Sales and marketing expenses (7,761)(10,121)(11,077) Product development expenses (948)(933)(1,041) General and administrative expenses (2,599)(2,389)(3,217) Total operating expenses (11,308)(13,443)(15,335) Loss from operations (3,987)(858)(1,293) Interest income 822720 Other expenses, net (86)(421)(59) Loss before income tax expenses (3,991)(1,252)(1,332) Income tax expenses (22)(162)(157) Net loss (4,013)(1,414)(1,489) Net loss attributable to noncontrolling interests (19)(36)(19) Net loss attributable to the Company's ordinary shareholders (3,994)(1,378)(1,470) Weighted average number of ordinary shares used in computing basic and diluted loss per share 345,124,338348,918,600351,595,585 51TALK ONLINE EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(In thousands except for number of shares and per share data)For the three months ended Mar. 31,Dec. 31,Mar. 31,202420242025US$US$US$Net loss per share attributable to ordinary shareholders Basic and diluted(0.01)(0.00)(0.00)Net loss per ADS attributable to ordinary shareholders Basic and diluted(0.69)(0.24)(0.25)Share-based compensation expenses are included in the operating expenses as follows:Sales and marketing expenses(29)(30)(48)Product development expenses(33)(32)(13)General and administrative expenses(225)(145)(218) 51TALK ONLINE EDUCATION GROUPReconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures(In thousands except for number of shares and per share data)For the three months endedMar. 31,Dec. 31,Mar. 31,202420242025US$US$US$Sales and marketing expenses(7,761)(10,121)(11,077)Less: Share-based compensation expenses(29)(30)(48)Non-GAAP sales and marketing expenses(7,732)(10,091)(11,029)Product development expenses(948)(933)(1,041)Less: Share-based compensation expenses(33)(32)(13)Non-GAAP product development expenses(915)(901)(1,028)General and administrative expenses(2,599)(2,389)(3,217)Less: Share-based compensation expenses(225)(145)(218)Non-GAAP general and administrative expenses(2,374)(2,244)(2,999)Operating expenses(11,308)(13,443)(15,335)Less: Share-based compensation expenses (287)(207)(279)Non-GAAP operating expenses(11,021)(13,236)(15,056)Loss from operations(3,987)(858)(1,293)Less: Share-based compensation expenses(287)(207)(279)Non-GAAP loss from operations(3,700)(651)(1,014) 51TALK ONLINE EDUCATION GROUP Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures (In thousands except for number of shares and per share data)For the three months ended Mar. 31,Dec. 31,Mar. 31, 202420242025 US$US$US$Income tax expenses(22)(162)(157) Less: Tax impact of Share-based compensation expenses--- Non-GAAP income tax expenses(22)(162)(157)Net loss attributable to the Company's ordinary shareholders(3,994)(1,378)(1,470) Less: Share-based compensation expenses(287)(207)(279) Non-GAAP net loss attributable to the Company's ordinary shareholders(3,707)(1,171)(1,191)Weighted average number of ordinary shares used in computing basic and diluted loss per share345,124,338348,918,600351,595,585 Non-GAAP net loss per share attributable to ordinary shareholders Basic and diluted(0.01)(0.00)(0.00)Non-GAAP net loss per ADS attributable to ordinary shareholders Basic and diluted(0.64)(0.20)(0.20) 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