Packaging Procurement Capabilities
Unprecedented cost increases and shortages in supply of plastic are very similar to the recent occurrences in the metals market. Will paper be next? Companies that purchase newsprint for example, already face the increased costs brought on by industry consolidation, currency exchange rates, and the soaring cost of energy and raw materials. Consumers of packaging materials - corrugate, poly bags, folding cartons, stretch wrap, shrink wrap, plastic bottles, metal cans, labels - are facing upward price pressure for the near future.
ICG Commerce's packaging capabilities enable you to achieve and benefit best-in-class agreements with manufacturers and distributors, while maintaining or improving your service levels. Using our proven strategic sourcing process and deep subject matter expertise, we analyze and attack each cost element throughout the supply chain - plastic, paper, ink, transportation, inventory costs, and more - to provide you with lowest total cost of ownership and measurable bottom-line savings. Request more information about
our Packaging procurement capabilities...
Decades of experience, proven results
Packaging procurement capabilities from ICG Commerce give you a practical way to bring years of experience and proven capabilities to your team without bringing on more staff.
- Category Experts: Dedicated packaging resources with a minimum of 10 years experience gained from working for a diverse group of manufacturing and distribution organizations sourcing and managing packaging categories
- Market Insight and Benchmarks: Knowledge of supplier capabilities – from the steel mill, paper mill and chemical producer all the way to the distribution center and end user – combined with supply and demand trends, category specific data requirements, and hundreds of price and service level benchmarks
- Tools and Technology: Extensive database of packaging sourcing history, supplier names and contacts, and category specific cost models to rapidly determine opportunities and optimize agreements
- Best Practices and Metrics: Wide experience base and knowledge of best practice supplier service levels, contract terms, pricing mechanisms such as shrinking lead times for corrugate containers and the inclusion of no-surcharge clauses in contracts
Over $100MM sourced with average savings ranging from...
- 8 – 23% for Corrugate
- 8 – 16% for Polybags and Film
- 7 – 24% for Paper Packaging
- 4 – 20% for Containers
- 9 – 18% for Film and Labels
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