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Sustainable Packaging
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Secondary Packaging
Trends
Contract packaging
Objective: Constant audit-readiness
The Food and Drug Administration audits Anderson Packaging’s operations annually. In addition, Justin Schroeder, marketing director, says that each of the company’s customers conducts its own annual audit of Anderson facilities and procedures.
March 31, 2006
Contract packaging: Page 97
Flexible packaging
Prescription for 400% Growth: Stay Ahead of the Curve
Anderson Packaging specializes as a pharma product-launch specialist. It monitors market trends, securing the right partnerships and purchasing the right equipment.
March 31, 2006
Contract Packaging
Factoring: Another measuring stick for purchasing managers
Purchasing managers at CPGs should favorably view contract packagers who use factoring as a cash-flow solution. The ability to secure reliable funding reflects well on a company’s financial outlook.
March 31, 2006
Contract Packaging
By the numbers: A factoring example
Consider what an inadequately financed contract packager can do by factoring 50% of its eligible receivables. The company’s factoring cost is 4% of the sales invoice.
March 31, 2006
Contract Packaging
Factoring: Jet fuel for attracting packagers
This financing tactic may be new to co-packers, but it works in other industries. It speeds up cash flow—and growth—key selling points with purchasing managers.Key termsFactoring: Factoring: A form of short-term financing that provides funding to companies relative to the quality and quantity of their sales, or accounts receivable. The funding comes in the form of either a purchase or a loan against the company’s eligible receivables.Factor: A company that provides factoring services.
March 31, 2006
Contract Packaging
Making an effective connection
Finding a contract packager is easy. Contract Packaging Association’s online RFQ facilitates the connection between packagers and packaging services providers.
March 31, 2006
Contract Packaging
Evidence of growth is all around us
Greetings to all and very best wishes for a successful 2006.
March 31, 2006
Contract Packaging
Pharma giant makes two acquisitions
AmerisourceBergen, the largest drug distributor in the United States, has expanded on its outsourcing services by acquiring Canadian drug distributor Asenda and British pharmaceutical contract packager Brecon.
March 31, 2006
Contract Packaging
Caraustar exits CP, CRB businesses
Caraustar Industries Inc.
March 31, 2006
Flexible packaging
PMMI: Machinery shipments soared in 2004
U.S. packaging machinery shipments reached $5.344 billion in 2004, a 9.3% increase from $4.889 billion in equipment shipped in 2003, according to the Packaging Machinery Manufacturers Institute (PMMI).
March 31, 2006
Contract Packaging
Wilpak adds 95,000 sq ft for co-manufacturing
Wilpak Inc.
March 31, 2006
Contract packaging
Where and how will the smart money play?
Increasing competition and rising materials costs and energy prices are creating challenges for anyone who packs consumer goods. One of the challenges is coming from product manufacturers, who are pressuring the companies they hire to package their products.
March 31, 2006
Bag/pouch fill/seal (pre-made bags)
Cloud expanding services in wipes, towlettes with Multi-Pack purchase
Cloud Packaging Solutions’ recent purchase of Multi-Pack is broadening its contract packaging capabilities within the household cleaning-products industry.
March 31, 2006
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