Sonoco Releases Cost of Damage Calculator

The Protective Solutions division of Sonoco, North America’s leading provider of protective packaging, components and material handling solutions, has released its Cost of Damage Calculator, a robust online tool designed to calculate the real cost of damage to businesses when shipping their products.

With packaging an essential part of the supply chain, determining how best to ease risk for product damage throughout the entire process is paramount. The calculator successfully breaks down the customer’s e-commerce and retail damage to show the percentage of damage, number of units, total cost and the percentage of profits this affects.

“With many companies only using reports on the number of units returned and replaced, we wanted to accurately calculate the cost of damage due to ineffective packaging, looking at the whole picture,” said Jim Lowry, director of new business development for Sonoco Protective Solutions. “When a company truly looks at the total cost of dealing with damage, including not only product replacement, but also shipping, handling, customer support, freight both ways, loss in profits, etc., they might find the original packaging decision may have not been the right one after all.”
http://phx.corporate-ir.net/phoenix.zhtml?c=82014&p=irol-newsArticle&ID=2286210

Related Posts

Saica Group expands US presence with US$110M investment in paper factory

Saica Group announced it will construct a second corrugated paper and board manufacturing facility in the US. The company is investing over US$110 million in the manufacturing of the new plant, which is expected to create more than 100 new jobs in Anderson, Indiana. Saica, headquartered in Spain, is a manufacturer of recycled paper for corrugated board and is expected to begin constructing the new factory this May and begin operating in Q4 2026. Susana Alejandro, president and CEO of Saica Group, says: “Saica is committed to stability and long-term growth in the US. This investment is proof that we are moving forward with our plans in the US as we are convinced that we can provide products that will differentiate us in a crowded market.”

Pregis announces its global 2K30 sustainability action plan

2K30 includes real, measurable goals, close cooperation with Pregis partners, vendors and customers worldwide, and an open invitation for like-minded companies and individuals to join the company in doing better. The goal is to contribute to protecting and preserving the planet for generations to come. Working hand in hand with its network and forming new alliances, by the year 2030, Pregis will: *Reduce its greenhouse gas emissions intensity by 25% *Eliminate 1 million customer reshipments *Save 15 million new trees from harvest *Make 100% of Pregis products recyclable, reusable, or with a minimum 30% reduced reliance on new fossil-based ingredients *Achieve 100% product and process waste reduction at Pregis facilities globally *Invest $15 million in circular, scalable, and sustainable material, process and waste solutions globally *Make a positive impact on 25 million lives

Diversey Opens New European Headquarters and OpCo Office to Drive Growth and Innovation

Diversey, a Solenis company and leading player in professional cleaning and hygiene solutions, has opened a new European headquarters and shared operating company (OpCo) office for Solenis and Diversey in Breukelen, the Netherlands. The new facility reflects the shared vision of both companies to enhance collaboration, drive innovation and deliver value to customers across the region. An integrated research and development (R&D) center at the new site stands out as a hub for innovation, focused on creating breakthrough cleaning and hygiene solutions to solidify Diversey’s industry leadership. Additionally, the new building will house the Dutch OpCo for both Solenis and Diversey, consolidating operations to enable greater synergy and efficiency. Solenis’ European headquarters remains in Switzerland.
Back To Top
×Close search
Search