Why Packaging Remains Instrumental to Global Trade
Transporting the goods
Continued disruptions to global supply chains have left forecasters downcast about the state of the world’s economy. According to the IMF, global growth is expected to drop significantly; from 6.1% last year to a projected 2.9% next year. This reflects the slowdown in the world’s three largest economies – the United States, China, and the Eurozone. Amid the inflationary headwinds and slowing activity, the need to further reduce wastage, improve resource allocation and increase cost efficiencies become even more critical.
To adapt to the changing conditions, the shipping and logistics sector needs to remain lean in the face of the global economy’s current ailments. For instance, a recent Future Market Insights report on food waste management found that, as much as 95% of overall food wasted in developing economies could be avoided through more intelligent and efficient containers and packaging.
Reducing Waste and Raising Efficiency
Versatile and sustainable packaging solutions provide supply chain executives with the ability to optimize internal operations and processes. As a result, supply chain partners can work together to ensure efficient packaging, transportation, and storage.
Packaging that enables more efficient supply chain processes should be:
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Sturdy – A container made of tough material can withstand hard knocks and guarantees maximum protection of goods. Furthermore, it should be capable of transporting a wide range of goods, both solids and fluids.
Durable – Because shipments travel through multiple locations and spaces in transportation, an all-steel container is a better fit for varying warehouse conditions, particularly during differences in temperature and humidity. Such packaging is easy to handle allowing safe stacking and quick assembly.
Sustainable – Functional design and reusability are crucial for businesses to elevate the sustainability of their logistics operations. In addition to raising operational efficiency and business resilience, sustainable packaging solutions also offer a climate conscious dimension by enabling businesses to significantly reduce their carbon footprint and eliminate waste disposal.
Leveraging solutions with these key features enables businesses to make the most of their product packaging and facilitate more efficient global commerce. Through packaging that is reusable, businesses can improve their bottom lines and tangibly raise their profile as an eco-friendly business.
To learn more about how you can raise efficiency and create a lean supply chain, visit our website https://www.goodpack.com/ or drop us a line at [email protected]