How to Reduce Packaging Costs and Drive Sustainability
With rising inflation and a pending recession, many companies are publicly (and privately) creating initiatives in an attempt to take hundreds of millions of dollars of packaging out of their supply chains. But packaging is about more than just financials, it’s also about sustainability. And reducing packaging costs while driving sustainability doesn’t have to be a trade off – if you have the right data and tools in place, you can do both.
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Download the eBook
Inside the eBook, you'll learn...
- A brief overview of packaging market dynamics
- How companies can use packaging data to drive spend reduction
- How to evaluate sustainability and take your packaging reduction initiative to the next level
“Where we see sustainability opportunities in the industry is looking for biomass reduction. And with packaging, we use a tremendous amount of corrugated or paper products in general, and we need to be able to recognize what those products are that we’re packaging with, identify volumes, costs and so on, so that we can actually put number to those biomass reductions in relation to the amount of corrugated, amount of paper, anything that goes into the packaging product.”
Darrin Maue
Better Develop & Produce Packaging
Packaging professionals can manage the entire packaging life cycle, from ideation to production. Easily create, share, and keep track of packaging specifications and work with suppliers to bring packaging to market.
Matthew Wright is the founder & CEO of Specright, the first cloud-based platform for Specification Management. Specright has been recognized by Fast Company’s prestigious Most Innovative Companies list, named a Gartner Cool Vendor, and as one of the Top Places to Work by the OC Register and Built in LA. Wright is also a published author and his book, “The Evolution of Products and Packaging,”was named to the Amazon Hot New Release List for Industrial Relations Business and has a five star rating.
Prior to founding Specright, Wright spent more than 25 years in the packaging industry, holding leadership positions at International Paper, Temple Inland, and rightPAQ — a packaging company he co-founded. He has also been involved in leading multiple M&A deals in the packaging industry, currently sits on the MSU School of Packaging and Industry Advisory Board and previously served on the Packaging Advisory Board at Cal-Poly San Luis Obispo.
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