Stretch Wrap Increases
Sept 1st All major stretch film manufactures will pass on a 6-7% increase. This is due to rising feed stock costs and improving market demand. Increases are always an issue, as they stretch your packaging budget.
The question is, what can you do?
•Easiest thing to do is buy ahead. If you are dealing with a true supplier partner, they will educat...e you when these increases are coming, so you can plan accordingly. This is a wise short term fix.
•Go out and get quotes. You will find professional “quoters” that live by the motto “me too less 5”. Meaning they will offer a comparable product 5% cheaper. The problem here is that you are not building a relationship, and this will also be a short term fix.
•The best idea is ,instead of squeezing your supplier’s price, try squeezing their intellectual output. View your sales rep as a packaging consultant and a partner in your business. They can bring new ideas that will not only help you deal with increases but could actually decrease your overall spend.