Published on : Aug 11, 2016
ALBANY, New York, August 11, 2016: ResearchMoz.us has added a new report, titled “Global Executives Survey: Latest Factors Driving Change in Global Packaging Supply Chains,” to its offering. For the making of this study, both primary and secondary research has been conducted. This study presents a comprehensive understanding of packaging supply chains and highlights the prime factors impacting the growth of these supply chains. An extensive understanding has also been provided on the steps taken by organizations to expand their supply chain globally. This study also highlights the focus areas of companies dominant in international supply chains.
The rising urbanization, the large-scale development of retail chains, and the growing demand from the cosmetics and healthcare sectors are amongst the prime factors boosting the growth of the global packaging industry. In addition, the increasing disposable income and the rising standards of living of the global population have resulted in an increased usage of a wide range of products, thus providing an impetus to the growth of the packaging industry.
A number of companies operating in the packaging industry, such as International Paper Company, Tetra Laval, Reynolds Group, Amroc, and Crown Holdings, among others, have increased their focus on making sustainable packaging, which is a key opportunity in the global packaging industry in the coming years.
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The report also presents the important actions taken by the companies operating in the packaging industry to evaluate the reliability of foreign suppliers. The presence of supply chains in various countries and the key challenges that may impact the supply chains are also evaluated in this study. As per the report, various companies have taken a number of steps to expand their supply chain globally and are targeting technological advancements and trade agreements to enable the same.
Moving further, the prime advantages and drawbacks of free trade agreements on organizations have been presented. As stated in the report, the increasing free trade agreements eradicate tariffs and encourage investment opportunities in a number of developing countries. Free trade agreements lead to enhanced trading opportunities, thus promoting long-term development of emerging nations. The low taxation rates in countries bound by free trade agreements also help keep the packaging supply costs low.
Thus, free trade agreements and the development of economic unions prove to be extremely beneficial for companies dominant in the global packaging supply chains. The report further states that a number of executives operating in the packaging industry have stated their company’s supply chain comes from various countries globally. The supply chain operations are highest in North America owing to the steady growth of the packaging industry in this region.
The report further analyzes the key challenges faced by packaging supply chains. The report further states that supply chains featuring responsive, flexible, and fast actions have a huge demand globally.
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