Market Insights | Page 8

In recent years, the push for businesses to adopt more eco-friendly practices has steadily increased. Now, consumers - especially those in younger generations - are beginning to show compelling degrees of preference for companies who strive to be eco-friendly.

When a manufacturer has a surplus of inventory not adding value to their processes, that inventory is hurting the company’s balance sheet, and is wasteful. Having excess products on site increases the need for expensive warehousing space, not to mention the risk of obsolescence. These carrying costs ultimately put the enterprise at a financial risk.

As with most processes, efficiency can be drastically improved with automation. Having the right packaging equipment in place allows you to automate the packaging process completely modernizing and optimizing how your company packages its products, as well as saving both time and money. If you are considering taking your packaging operations to the next level, there are various types of packaging equipment that can be used.

There's no denying the value that engineers bring to businesses of all kinds. From a product's initial design to its final production, every step is overseen by skilled engineers. However, one often overlooked process that a packaging engineering and design team can bring an immense amount of value to is the packaging process.

Optimizing your packaging supply chain means balancing the cost of transportation against inventory holding costs while simultaneously ensuring 100% availability. Smaller, more frequent deliveries reduce inventory, but increase transportation costs. Maximizing shipment size drives down unit transport costs but needs a higher average level of inventory. (It may also increase the risk of stopping production due to a shortage of packaging material.)

 Sustainability and convenience are taking over packaging trends, and fruit and vegetable packaging are no exception. Companies are now striving to create products that fit consumer needs, rather than the other way around. People today are looking for products that can easily mold with their busy lifestyles and can be used on the go, while still maintaining a healthy and eco-friendly mindset.

Imagine having a leading-edge fulfillment department with experienced employees, state-of-the-art order management software, and endless warehouse space. Just as you are an expert in developing and selling your products, third party logistics companies specialize in inventory management, packaging, and shipping. It’s understandable that your product is precious to you, as it is the meat of your business, and leaving it in the hands of third-party fulfillment can be worrisome, but don’t let that fear prevent you from utilizing the most efficient processes and saving unnecessary costs.

The various types of beverage packaging span from bottles, cans, pouches, cartons and others. According to Market Research Reports, the demand for traditional beverage packaging, such as plastic closures and metal closures, are still in top demand with a slight advantage to plastic. However, new trends accompanying convenience, sustainability, and innovation are on the rise.

Today’s consumers want products that work for them instead of the other way around. They are thirsty for more progressive packaging, even if it means altering preconceived standards of beverage packages.

E-commerce can be a lucrative and successful business, but that success isn’t automatic. Like any other business venture, it is an evolving industry and there are still a lot of misconceptions out there about how your business should run. You may have a good system in place that has been working for years, but there are other processes out there that can introduce total cost optimization.

Are you looking for an alternative to typical packaging methods to increase efficiency? Look no further. The advantages of shrink film packaging create convenience, cut costs, and increase sustainability throughout the entire packaging life cycle.