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GS1 US Celebrates 50-Year Barcode ‘Scanniversary’ and Heralds Next-Generation Barcode To Support Modern Commerce

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New GS1 US Survey Reveals That 77% of Consumers Seek Detailed Product Information; Emerging Data-Rich Barcodes To Aid Shopper Purchase Decisions and Scan at Checkout

EWING, N.J., June 26, 2024 /PRNewswire/ — GS1 US, the neutral not-for-profit information standards organization best known as the administrator of Universal Product Code (UPC) barcodes, today commemorates 50 years since the monumental debut of the first barcode scan (“Scanniversary”), marking a pivotal moment in retail history. On June 26, 1974, a 10-pack of Wrigley’s chewing gum adorned with a UPC was scanned at a Marsh Supermarket in Troy, Ohio, igniting an era of retail and supply chain automation. Today, the barcode is used to identify over 1 billion products and is scanned more than 10 billion times daily, serving as a cornerstone of global commerce.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9256251-gs1-us-celebrates-50-year-barcode-scanniversary/

While the UPC has endured for 50 years to aid price lookup at point-of-sale (POS), new two-dimensional (2D) barcodes, like QR codes powered by GS1, are emerging on product packaging to provide consumers with detailed product information. A 2024 GS1 US consumer survey showed that 77% of consumers believe that product information is important when making a purchase and 79% of shoppers are more likely to purchase products with a scannable barcode/QR code (via smartphone) that provides the information they want.

Through industrywide collaboration facilitated by GS1, brands globally are beginning their transition from UPCs to new 2D barcodes, or QR codes, on product packaging, and retailers have set a target date to accept them at checkout by 2027 – a GS1 US initiative labeled Sunrise 2027. These GS1 web-enabled barcodes combine the capability and standards of the UPC and QR code to function at cash registers, offer rich product data from the brand that shoppers can access with a simple smartphone scan, and can help power retail inventory management, visibility, and traceability. Additionally, 20 of the world’s biggest companies – including Procter & Gamble (P&G), L’Oreal and Nestlé – have signed a global joint statement calling for the adoption of these next-generation barcodes to revolutionize the consumer experience.

“While we honor the legacy of the iconic UPC barcode over the last half-century, we must support today’s digital world characterized by elevated consumer expectations and increasingly complex supply chains,” said Bob Carpenter, president and CEO, GS1 US. “In this dynamic landscape, innovation is flourishing with the growing adoption of new 2D barcodes. These QR codes, powered by GS1, can provide a single gateway to help consumers understand product composition, sustainability efforts and recalls while aiding retailers with inventory control, on-demand discounting, couponing and more. The opportunities to power consumer confidence and connect with brands while also serving the business needs of industry are truly limitless.”

Brands Support the Shift to 2D Barcodes
Brands are ushering in 2D barcodes to offer shoppers deeper product information and enhance inventory management. “At P&G, we recognize the importance of leveraging cutting-edge technology to meet the demands of today’s consumers and safeguard the integrity of our products,” expressed Alfredo Colas, senior vice president, information technology, Procter & Gamble. “By transitioning to a 2D barcode with GS1 Standards, we are empowering consumers with greater access to the information they need to inform their purchase decisions and improving traceability through the supply chain. This commitment to innovation underscores our dedication to deliver a superior experience to consumers and value to all stakeholders.”

Meri Stevens, chief operations officer of Kenvue said, “The ability to embed details, including serial numbers, batch/lot numbers and expiration dates in a 2D barcode enables vast improvements in traceability and supply chain visibility. Widespread implementation of 2D barcodes is critical to a future with digital leaflets, which we support at Kenvue, in order to enable individuals to make informed decisions about their health and reduce paper use. It will also improve the ability for the industry to efficiently manage inventory while ensuring products are available at the right place and at the right time to meet consumer need.”1

“End-to-end supply chain traceability aided by the detailed records that can be embedded in 2D barcodes is especially crucial in the food and healthcare industries,” added Randy Skoda, president and CEO of Topco Associates. “Fast, accurate traceback capability fortifies our ability to ensure food safety and protect consumer health. The additional data capacity can also be used to satisfy increased record-keeping requirements under the U.S. FDA’s Food Safety Modernization Act, Rule 204 (FSMA Rule 204) for certain foods deemed as high risk.”

Retailers Plan for Migration and Sunrise 2027
Retailers are also demonstrating their support for 2D barcodes. “In addition to the shopper engagement opportunities that 2D barcodes provide, these data-rich QR codes will also better support our inventory management operations so that we can keep our shelves stocked with the products our customers want most,” said Dave DeLaus, senior vice president and chief information officer, Wegmans Food Markets, Inc. “As an early adopter, we’re prioritizing this industry transition and are pressure-testing our capabilities to ensure readiness.”

“The shift to 2D barcodes will be key to educating consumers in store as they consider products that best meet the needs of their families,” said Dave Bornmann, Publix senior vice president, product business development. “Industry coming together to make this transition while following barcode placement standards will be the gateway to information our shoppers increasingly want at the point of decision.”

“I started out in the supermarket business as a part-time courtesy clerk the year the barcode was introduced and saw first-hand how it improved store efficiency and enhanced the customer experience,” said Mike Stigers, president of Wakefern Food Corp., the largest retailer-owned cooperative with supermarket banners that include ShopRite, Price Rite Marketplace, the Fresh Grocer, Gourmet Garage and Fairway Market. “It’s so exciting to mark 50 years of progress with the ‘Scanniversary’ and, as a GS1 US board member, help guide the industry’s transition to 2D barcodes. The potential to provide so much important product information will continue to help retailers, manufacturers and consumers.”

As a neutral standards body, GS1 US will continue to facilitate industry collaboration on 2D barcode technology and its adoption during the transition and beyond. “The 50th anniversary of the UPC barcode scan serves as a testament to the lasting relevance of GS1 Standards in an ever-evolving marketplace,” Carpenter added. “As we embark on the next chapter of barcode innovation, GS1 US remains committed to driving progress and facilitating meaningful advancements that will shape the next 50 years and beyond in retail and supply chain.”

For more information about GS1 US, the 50th Scanniversary and Sunrise 2027, please visit gs1us.org/50.

About GS1 US
GS1 US® enables companies to power their supply chains to deliver safe, consistent, authentic, and trusted experiences. Best known as a source for UPC barcodes, GS1 is a not-for-profit, global data standards organization that creates a common language for companies to identify, capture, and share trusted data that links their physical and digital supply chains. Millions of businesses around the world power commerce with GS1 Standards. Learn more at www.gs1us.org.

Meri Stevens is an employee of Johnson & Johnson Consumer Inc., a subsidiary of Kenvue

View original content:https://www.prnewswire.com/news-releases/gs1-us-celebrates-50-year-barcode-scanniversary-and-heralds-next-generation-barcode-to-support-modern-commerce-302180934.html

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Manufacturing Category at 139th Canton Fair Presents Smarter, Lighter and More Connected Solutions

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GUANGZHOU, China, April 24, 2026 /PRNewswire/ — At the 139th Canton Fair, Manufacturing category presented a clear view of how industrial equipment is evolving to address efficiency, labor shortages, and sustainability goals. Across power equipment, machinery, automation systems, and industrial robots, exhibitors pointed to a common direction: smarter operation, stronger engineering performance, and deeper integration with digital manufacturing systems.

Industrial equipment is advancing towards intelligence with products emphasizing built-in sensing and automatic adjustment to enhance reliability and efficiency. Silent inverter generators, for example, can detect operating conditions and ambient temperature to regulate cooling for better fuel use and stability. Pumps and cleaning equipment with variable-frequency drives and integrated protection systems follow the same approach, prioritizing smooth operation, longer service life, and consistent output.

Lightweight, high-performance design has also become a priority across categories. Advances in materials and structural engineering are enabling major weight reductions without compromising power or durability. Aluminum-extrusion housings in three-phase asynchronous motors cut weight by up to 40% while improving heat dissipation and installation efficiency. Lightweight permanent-magnet submersible pumps delivered stronger flow stability despite smaller size and reduced weight.

AI-based visual inspection and quality control are also becoming essential. AI-powered optical inspection stations demonstrated full-process, high-speed inspection without relying on manual sampling. By turning experience-based judgment into standardized, repeatable rules, these systems help manufacturers improve scalability and consistency.

Industrial robots are taking on more active roles as well. Security patrol robot dogs and inspection robots are moving beyond monitoring to direct intervention, such as carrying fire-suppression modules for emergency response. This shift marks a broader move from passive observation to active execution in high-risk or labor-intensive environments.

Finally, more industrial devices are being designed as system nodes rather than standalone machines. Intelligent industrial gateways that combine data collection, protocol conversion, edge computing, and secure transmission show how equipment value increasingly depends on its ability to connect with enterprise-level digital systems.

The 139th Canton Fair vividly showcased the accelerated shift of industrial equipment toward intelligent and system-level development.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/manufacturing-category-at-139th-canton-fair-presents-smarter-lighter-and-more-connected-solutions-302752629.html

SOURCE Canton Fair

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Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

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Province adds three unicorns, expands high-growth pipeline
Hangzhou accounts for 83% as new entrants and startups scale up

HANGZHOU, China, April 24, 2026 /PRNewswire/ — Zhejiang’s roster of unicorn companies has expanded to 58 as of April 2026, highlighting the province’s growing role as a hub for emerging technologies and industrial upgrading.

The latest rankings, released at the 10th All Blossom Conference in Hangzhou on April 23, show companies spread across seven cities, including Hangzhou, Ningbo, Jiaxing, Jinhua, Shaoxing, Taizhou and Wenzhou.

While Hangzhou, Ningbo and Jiaxing remain the top three hubs, the broader distribution points to a more geographically balanced innovation landscape. The province’s unicorn count rose by three from a year earlier.

Hangzhou continues to dominate the landscape, home to 48 of Zhejiang’s unicorns, up from 44 last year—when it already accounted for roughly four out of every five such startups.

The annual rankings also include tiered lists of “future unicorns,” valued between $100 million and $1 billion, and early-stage “seed unicorns” worth $10 million to $100 million.

Together, they map a full pipeline of high-growth companies across sectors such as artificial intelligence, embodied intelligence, life sciences, new energy, semiconductors, advanced manufacturing and aerospace, and have become a key barometer of Zhejiang’s startup ecosystem.

Among the top 100 future unicorns, integrated circuits lead with 22 companies, followed by artificial intelligence and life sciences with 19 each. Advanced manufacturing accounts for 16 firms, new energy and materials 15, and next-generation information technology nine.

In the seed unicorn category, new energy and life sciences each count 22 companies, ahead of advanced manufacturing with 19, while AI, next-generation IT and semiconductors each have 11 firms, and aerospace-related companies total four.

Against that provincial backdrop, Hangzhou remains the clear center of gravity—continuing to generate both the largest share of unicorns and the deepest pipeline of emerging startups.

The city added eight companies to its unicorn ranks on April 23, bringing the total to 48, according to the same conference ranking.

The new entrants—Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics and Simplexity Robotics—span sectors from semiconductors and robotics to commercial aerospace.

As of April, Hangzhou accounted for 83% of Zhejiang’s unicorns, up from 80% a year earlier, underscoring its outsized role in the province’s innovation economy.

The conference also released a list of 413 quasi-unicorns—companies typically valued between $100 million and $1 billion—including 50 new additions.

Several firms, such as Diagens Biotechnology, Manycore Tech, Mirxes, Promisemed, Saint Bella, Tide Pharmaceutical, Tongshifu and ISV, exited the list after scaling into unicorn status or completing initial public offerings.

Quasi-unicorns are concentrated in sectors aligned with Hangzhou’s broader “296X” industrial strategy. Life sciences lead with 118 firms, followed by next-generation information technology with 78 and AI and embodied intelligence with 50—together accounting for about 60% of the total.

The “296X” is an industrial cluster blueprint the city introduced in October 2025 in an effort to speed up the integration of technological and industrial innovation.

More than half of both unicorns and quasi-unicorns—255 companies—are classified as nationally recognized “specialized and refined” enterprises, including 20 unicorns and 235 quasi-unicorns, reflecting a structured pipeline of high-growth firms.

Since 2018, Hangzhou’s unicorn count has risen from 26 to 48, while quasi-unicorns have expanded from 105 to 413, underscoring sustained growth in its innovation-driven economy.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/zhejiang-unicorn-ranks-grow-to-58-as-hangzhou-tightens-lead-top-ranking-shows-302752640.html

SOURCE All Blossom Conference

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KUN Unveils AI Intelligent Strategy at Money20/20 Asia: Reconstructing Global Commercial Efficiency with “1-1-4-6” Layout

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BANGKOK, April 24, 2026 /PRNewswire/ — At the prestigious Money20/20 Asia held at QSNCC, KUN showcased its upgraded brand identity and launched the “1-1-4-6” Intelligent Strategic Blueprint. This milestone marks KUN’s comprehensive transition toward a globalized, full-stack, and intelligent ecosystem.

Dr. Louis Liu, Founder & Group CEO of KUN, stated at the launch: “While the convergence of Web2 and Web3 defines the current era, we believe the embedded ecosystem synergy of AI and Web3 is the inevitable future of commerce. Our evolution is an intelligent reconstruction of commercial efficiency. By leveraging decades of vertical payment expertise, we provide enterprise clients with full-stack, end-to-end payment and financial solutions. Through digital orchestration and operations, we deliver secure, compliant, and high-velocity transaction safeguards to empower global business growth.”

Money20/20 Roundtable: Compliance as the “Scaling Layer” for Institutional Adoption

At the “Bridging TradFi and DeFi” roundtable, Dr. Liu shared three key insights on the future of cross-border finance:

Asia as the Hub for Real-World Stablecoin Settlement: Asia has emerged as a critical hub for cross-border trade flows and stablecoin settlement, connecting high-growth emerging markets. Currently, 60% of the world’s on-chain stablecoin trade volume is centered in Asia, making it a primary corridor for capital flows between Asia, LATAM, Africa, and the Middle East.

Compliance as the “Scaling Layer”: The bottleneck for scaling digital payments is not technology or licensing, but the ability to embed jurisdictional compliance frameworks into business logic. Integrating AML and risk controls directly into the payment flow is the prerequisite for the explosion of global institutional applications.

Accelerating AI and Web3 Ecosystem Convergence: As AI agents increasingly enter commercial decision-making, payments are shifting from human-controlled to autonomous. Blockchain and stablecoins will serve as the default infrastructure for Agent-to-Agent (A2A) transactions.

Exhibition Interaction: From Platform Governance to Vertical Efficiency

At the main exhibition area, KUN demonstrated its dual-brand synergy through a new visual identity:

KUN: Positioned as the Trusted Vertical Digital Payments Platform for Real Economy, providing one-stop digital payments and scenario-based on-chain financial solutions.

YeeZ: A KUN Group brand specializing in 2B2C Global Corporate Card Issuance for global enterprises.

The “1-1-4-6” Strategic Blueprint: Driving Global Growth

KUN decoded its “1-1-4-6” strategy—an AI-powered blueprint designed for seamless asset mobility. The ecosystem integrates KUN Space™ (the digital payments & financial services platform) with KUN Nexus™ (the AI-orchestrated liquidity network). Driven by four core engines—KUN | Pay, KUN | Cards, KUN | Money, and KUN | Agent—the strategy empowers liquidity for six vertical sectors: Bulk Commodity, General Trade, B2B Cross-border E-Commerce, Service Trade, Web3 Ecosystems, and AI Applications.

Future Vision: The Era of “Driverless” Intelligent Payments

The launch highlighted KUN | Agent as the pioneer of the “driverless” era of intelligent global payments.

KUNClaw.AI: Orchestrates autonomous financial workflows to drive intelligent cost reduction and efficiency.

AI Agent Wallet: Features programmable KYC and authorization fences to ensure secure, compliant execution where “decision is payment”.

Seamless Network, Borderless Payments.

KUN remains dedicated to serving as the engine for the real economy, providing secure, compliant, and efficient one-stop cross-border payment solutions in an uncertain global environment.

About KUN

KUN is an innovative financial infrastructure company centered on digital payments and embedded finance. Built on a globally distributed licensing framework and a robust compliance and risk-management system, KUN connects Asia with high-growth emerging markets across Africa, Latin America, and the Middle East.

Positioned as a trusted vertical digital payments platform for real economies, the company operates across four core pillars—Cross-Border Digital Payments, On-Chain Finance, Card Issuing, and AI Agentic Payments. By integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient one-stop payment and transaction services for enterprise clients across industries including commodity trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications.

Through this integrated infrastructure, KUN serves as a growth engine enabling enterprises to expand globally with speed, trust, and financial connectivity.

Learn more about KUN → www.kun.global

Contact: KUN: brandmkt@kun.global  

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SOURCE KUN

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