How To Shrink Plastic Use Through Better Supplier Relationships
Manufacturers are making strides to reduce their plastic footprint. Mondelez International plans a 25% reduction in rigid virgin plastic between 2020 and 2025, and both Mars and Unilever are dedicated to using 100% recyclable, reusable or compostable plastic packaging.
An obvious reason for this is to preserve the environment, but the effort to slash plastic can also help to manage risk and spur growth. Manufacturers that ignore plastic regulations, on the other hand, are subject to fines and reputational harm. In short, a business’s attitude to plastic can ultimately impact its share price.
Teams assigned to shrink plastic usage can find it difficult to budget, forecast and make nimble decisions. Too often they lack accurate supplier data. Unless businesses can adopt strategies for obtaining the necessary supplier information, they chance missing plastic footprint reduction targets. Following are three tips on how to get this accomplished.
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