Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Eco Movement Driving Cost Savings In Product Packaging

Wednesday, October 12, 2016 9:35
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Each year in Canada, 25 million tonnes of non-hazardous refuse finds its way into our landfills. Think about that for a second: that’s a tonne of garbage for every man, woman, and child that lives in the country’s three most populous provinces. To be fair, households across the nation have come a long way in terms of finding ways to divert a respectable portion of that inconceivable amount from landfills through efforts like recycling, reusing, and composting – but as a nation, Canada can stand to do much better; especially when it comes to reducing business waste.

Business waste in Canada – when compared to other developed societies – is shamefully high; and the year over year trend seems to indicate that it is only getting worse. Understandably, the struggle is quite real for small and medium-sized businesses who often find themselves choosing between keeping costs down and doing their part to preserve one of Canada’s most enviable resources – the environment.

In this day and age of growing consumer eco-mindedness, it is evident that in order to remain competitive, businesses must bridge the opposing philosophies of “cost efficiency” and “eco-friendliness” and arrive at the conclusion that they need not be mutually exclusive ideals.

One Size Fits All – Good For Underwear, Bad For Shipping

There are a number of inherent problems with the notion of “one size fits all” when it comes to shipping your product. The first is the increased risk of damage while in transit. True, giants like UPS and FedEx provide some assurance that your packages will arrive at their final destination unscathed, but using packaging materials that have not been tailored to your package’s dimensions needlessly increases the risk of damage to your product – and ultimately, to your reputation in the eyes of your customer.

Product Packaging – Under The Microscope

Unless you’ve been living under a rock for the last few years, you know that e-commerce is absolutely huge. The veritable explosion of e-commerce has wrought alongside of it an equally explosive product-packaging boom. Some retailers, like Canadian Tire, have incorporated waste management via the elimination of unnecessary packaging materials into their business sustainability strategy. Why? Because they’ve recognized not only the exorbitant cost of excessive packaging, but also the negative environmental impact it has.

Your Product’s Packaging Is Your First Impression

There’s a lot to be said for using custom packaging design to encase your products. Consumers not only respond positively to the care that was put into the packaging, they also take note of the fact that using the least amount of material possible is a nod to the environment. People react favourably to companies that exhibit a concern for a cause that affects us all, and that first impression goes a long way in building a relationship (and repeat business) with your customer.

Precise packaging also increases shipping efficiency – meaning more product can be shipped per truck, which results in lower transport cost per unit – and if your business owns its own means of delivery, savings on fuel. And guess what? Less fuel means less exhaust belched into the air.

 

Big Business Paved The Way –Time To Follow Their Lead

While many smaller companies the world over compete directly against retail giants like Walmart, it should by no means prevent you from taking a page out of their book, or at the very least benefit from their ability to influence their supply-chain partners. The American retailer offered incentives to suppliers that fell in-line with their green philosophy while dropping those that didn’t.

The end-result of this “our way or the highway” strategy is that the eco-friendly packaging model has been proved to not only be healthy for the bottom line, but also reaffirms that this fundamentally financial goal can coincide with being green.

Like Walmart, many large companies have absorbed the cost of analyzing the data; determining the impact that sustainable materials and packaging strategies have on their business and on the environment.

With these types of initiatives it’s important to have a long-term vision. The cost associated with green packaging may give the impression that they are more costly; but remember to consider the intangibles; how your customer will perceive your company and the likelihood that your business will stand out in their mind.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.