A lot of businesses are struggling because of many challenges they now have, including inflation, and a whole lot more.How can you prevent the rising inflation costs from destroying the business? Here are a few ways for you to do this, and also fight against the ever-rising cost of such.,
Consolidate your Suppliers
You’re probably spending way too much on the packaging partners. Having someone who can handle all of the aspects that packaging creates will save you a boatload of money. That way, you’re not paying a ton of people to get the job done. It also takes a lot less time, and exposes a lot of great things.
Process and Audit Packaging
If you’re having issues with packaging, consider auditing the packaging and the processes to get the best kind there. This includes how the packages get handled with the supply chain, moving faster with a lot less touches, and getting the products to the market much sooner. You may also want to look at places where the packaging might be done off site, or through third-party suppliers that are there improving the efficiency of this.
A lot of times, doing this as well will help to identify the opportunities to save costs, and a lot of times, this can be revamped to make it a lot better. You also might want to see if there is a LEAN type of operation going on there, helping to make sure that the processes that are used are ideal, and so they’re saving you a boatload of money.
Redesign the packaging to evaluate this
You also might want to look at how you’re packaging the products. There are times when you may have packaging that’s too over packaged, which is a fancy name for way too much filler or something else that’s not making it necessary.
You can redesign this, saving you a lot of costs and also reducing the costs of shipping due to eliminating the weight. There is also the possibility of SKU consolidations, which actually save you some money because you’re not leaving the items all over the floor, preventing it from possibly getting harmed as well.
Sometimes, there are also types of packaging that get run on different equipment, offering a leaner packaging process that’s automated to save on the labor and the materials. There are definitely benefits to this, especially since labor costs are rising, and if you can, automating the packaging process will save you a ton of money. You should also look at product samples, offering better labor costs, rates for shipping, and lowers the returns that are there too.
Sometimes as well, “tweaking” your product dimensions of some cartons, or even changing the flaps will change the costs that are there, and even eliminate the unnecessary costs that sit there too.
Finally, review the techniques for printing. This is something that a lot of ecommerce brands will realize, especially as they start to make this work. You should look at the printing and cutting and see if there is a way to possibly get digital printing. You also want to make sure that you’re not using too much of this, but instead, you want to make sure that you send them out with the right kind of printing that looks good.
At the end of the day, getting a packaging partner can help with this, and if you’re someone who is struggling to hit the margins with the product packaging, consider these techniques, and use them today to improve your packaging experience as well too