Tag: cost efficient

5 ways to reduce packaging costs

Supply and Demand

1. Prioritize Listen, we all have a lot going on, but this list is about the best ways to reduce packaging costs. This first one should be pretty obvious if you’re really going to save money here. It’s time to really think and understand your packaging. Not all boxes are alike and there’s a lot that goes into the decision making for packaging. What may be the cheapest way to ship something in the beginning, may not turn out to

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Understanding total packaging cost

It’s not just the per item price that matters: it’s the total packaging cost. When it comes to packaging cost, most businesses only really consider the cost of buying the individual packaging items: boxes, tape, void fill, and stretch wrap. They’re willing to negotiate tiny percentages off of the total unit cost, puffing their chests with the savings win they’ve secured for the company. However, in actually, unit price of individual packaging elements only account for about 15% of total

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Case Study: A simple packaging process improvement saves time, money

shrink film

Making even one simple packaging process improvement can lead to huge gains in production, reductions in labor cost and material usage, as well as the stress headaches that go with managing a more complex process. And how can you go wrong when you don’t have to worry that you’re spending a small fortune on something with little to no return on investment.

Here’s just one example of how we helped a large manufacturer of medical supplies.

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Economic growth and packaging automation unite

As the economy continues to grow, so does the need for packaging solutions optimizing precision, speed and safety.

There are a number of processes that may be incorporated into manufacturing to increase efficiency. Once such process improvement can be found in the use of assembly lines. The precision and speed provided by assembly lines grossly outweigh human labor both in cost and accuracy.

In the same respect, the merits of utilizing packaging machines is trending upward. Just a handful of the major benefits automation can bring to the table are: precision, product and employee safety, and material, labor and cost reduction.

Because these machines are capable of making such improvements, their market is expected to see considerable growth over the coming years. The automated packaging machine market is expected to grow at a rate of 4.6 percent per year through 2017, by which time, it will be worth nearly $42 billion, according to a report by the Freedonia Group.

Much of this growth is expected to be in industries that handle potentially harmful products such as chemicals, pharmaceuticals and personal care products. One of the largest markets in the industry will be in Asia, where India and China are expected to make up 21 percent of the total by 2017.

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