This blog is a three-part series that identifies how BoldtSmith Packaging can improve your gross margin by reducing product damage! Our goal is to manage the process of having reactive packaging problems to proactive packaging solutions.
Now that we have identified what your annual product damage is per year and designed new packaging that will minimize product damage, we can run this data through a financial analysis. The financial analysis will compare the current vs proposed packaging designs. Once this analysis is completed, we will be able to justify our proposed designs with numbers that will positively impact your gross margin. Listed below are some of the variables we will consider during this analysis.
1) Current Packaging
2) Proposed Packaging