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Taming SKUzilla in the Cosmetics Industry
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According to a report by Markets and Markets, the global color cosmetics market, stood at USD 57.4 Billion in 2014 and it is expected to reach USD 77.7 Billion in 2020.  Cosmetics companies are jumping on the bandwagon as powerhouse companies such as Estée Lauder, LVMH, CoverGirl and Shiseido announce new product lines targeted at…

Can your company take a hit of over $100m in lost sales due to an FDA recall? No? Read this…
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Every month, dozens of food products are recalled in the US. A quick scan of the FDA website provides anyone with an overview of headlines to read: Whole Foods Market Recalls Mislabeled Asparagus, Pea and Ricotta Salad Due to Undeclared Allergen, The Caramel Factory, LLC Issues An Allergy Alert, or Let’s Talk Health, Inc. Issues…

Dramatically Reduce Packaging Bid Time
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Bidding is one of the most critical aspects of your packaging procurement, opening the door for tremendous cost-savings and long-term packaging supplier relationships. However, it is often a long and chaotic process. On average, preparation for a packaging bid takes more than three months. If you ask most suppliers, even after all of that prep,…

Is Your Company Ready to Implement the New FDA Rules on Food Labeling?
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On May 20, 2016, the FDA announced new regulations regarding the labeling of food products along with a new look for product nutrition labels. While it’s only 20 years old, the FDA is retiring the current label in favor of a new, modern look designed to provide consumers with more recent and accurate nutritional information…

The Right Packaging Can Reduce Food Waste
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According to several studies done by recently, the US wastes around 40% of our food as it travels from Farm to Fork. Fortunately, the American Institute for Packaging and the Environment offers some ways to use packaging to reduce this. Here’s an infographic with some interesting statistics about food waste and packaging.

10 Questions About Specright That Will Make You Want a Demo
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At Specright, we receive many good questions from companies wanting to learn more about our solutions for specification management, but in particular, questions around how Specright helps companies to better manage packaging specifications. We’ve gathered the best ones together in one place to provide a quick overview of how Specright helps companies reduce costs and…

Performing the Right Analytics on Your Packaging Specs
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Chances are, if you’re a packaging engineer, management has asked you to provide statistics on what packaging the company uses, what it is made of or even how to reduce the overall costs of the company’s packaging. To get the answers, you pour through excel files of specifications, review PDF documents for hidden data and spend hours making management-friendly…

5 Sure-Fire Ways to Reduce Packaging Related Costs
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Walk into any retail outlet and you will see a plethora of packaging options to choose from. For the average consumer, this array is a living kaleidoscope of color funneling their interests in the direction that is the right choice for them. But for the packaging engineer, it’s an opportunity to review, analyze and recommend…

3 Ways to Reduce Packaging Costs with Specright
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Is it time to take control of your specifications? Read three real use cases documenting how companies are using Specright to get their specs under control and ultimately reduce costs. 1. Increasing Supplier Flexibility  Anything can happen in the produce industry, as farmers can’t always predict yields or packaging needs to get the crop to market. Any overproduction…