How to reduce costs
The biggest challenge facing businesses right now is the impact of raw material price increases. These are driven by increases in demand and bottlenecks in supply. They are leaving manufacturers, distributors and retailers alike battling price increases that are inflating costs. If you are looking for new ways to reduce costs, your packaging choices could help uncover savings throughout the operation. Packaging can be a low value product in your operation. So why is it taking up so much space in storage? Is paying rent and rates to store cardboard boxes an effective use of resources? This question is particularly pertinent if: The business has experienced significant growth. Business growth is forecast. You are paying for additional storage or production space. You need to reduce your business premises. If you are purchasing packaging direct from a manufacturer, you may be purchasing large MOQs to get the best price. We all welcome “best price” but there are othe...