7 Ways to Reduce Sustainable Packaging Costs When Market Prices are Rising

7 Ways to Reduce Sustainable Packaging Costs When Market Prices are Rising

Buyers of sustainable packaging face the same seasonal price increases that everyone else does who purchases packaging. However, there are a few ways you can offset these costs, while improving productivity. They include reviewing the following: your needs, quality versus performance cost, and the total cost of all packaging related expenses. You should also focus on cost not price, look at how equipment and automation can help you save, consider buying in larger quantities, and look into prompt payment discounts.

Sustainable Packaging on the Rise

Sustainable Packaging on the Rise

Sustainable packaging is becoming a fact of life for companies that seek to remain competitive. Companies employing sustainable packaging report cost savings, improved environmental footprints, brand image and company reputation among other benefits. Those businesses that take the lead now will be ahead of the curve and enjoy the benefits in the future.

Sustainability is a Key Driver of Innovation

In the September issue of Harvard Business Review, authors Ram Nidumolu, C.K. Prahalad, and M.R. Rangaswami provide a framework for adopting sustainable practices to bring about technological and organizational innovations that will ultimately yield top-line and bottom-line returns, providing a competitive advantage when the recession ends. They feel that sustainable companies will emerge from the recession ahead of their competitors, who will face difficulties trying to catch up.