Driving Profitable Growth through Sustainable Solutions
News 15 May 2023
Sustainability is right now the key driver in our industry, with numerous reasons driving its prominence. However, one often unspoken factor is the incoming plastic taxes and its impact on companies’ bottom lines. The recently introduced Plastic Packaging Tax has been introduced to change the behaviour patterns towards the purchasing of plastic packaging and this tax level will certainly be increased if governments do not see this change. However it will be the introduction of the legislation of Extended Producer Responsibility that is set to have the major impact on companies’ profitability in the coming years. Major players in the food industry, for instance, could face millions of pounds of taxes if they don’t find paper based alternatives that will negate these new packaging legislations. Whilst sustainability initiatives will also provide positive PR, the primary driver is often maintaining a profitable business. And that’s okay – that’s what we’re here to help our customers and their customers achieve.
Businesses and consumers have faced unprecedented challenges in recent years, including the COVID-19 pandemic, Brexit, supply chain disruptions, and a cost-of-living crisis. As we return to normalcy, companies face new hurdles, such as reduced order volumes and high stock levels resulting from over ordering. The solution? Facing the industry challenges with new sustainable products. It’s simple.
Smith & McLaurin is uniquely positioned to help our customers navigate these challenges by offering sustainable products that meet the demands of their clients, providing a solution for their customers’ customers. As we all navigate this new landscape, we offer a range of sustainable products and applications, empowering our clients to find the right fit for their needs. This approach drives growth and innovation.
One example is Ecopack, our high barrier paper packaging solution designed to replace avoidable plastic packaging such as composite sachets in the packaging industry. Ecopack enables companies to negate these plastic taxes and is easily implemented, with our team assisting in customisation and integration every step of the way.
We are constantly developing new sustainable solutions and tailoring them to our customer’s specific requirements. We provide the end-user with innovative, paper based solutions that drive their business growth. Are you ready to provide your customers with new growth this year?
Contact us to learn more
If you would like to discuss your specific requirements, call our team to 01505 707700. We’d be delighted to chat with you!