The packaging industry is pressured largely by the companies competing in consumer packaged goods, food & beverage, automotive and industrial equipment. Packaging companies are subject to the requirements of these highly competitive supply chains. Therefore extensive supply-chain capabilities, along with fulfilling a customer's marketing requirements, are key to success. Competition in commoditized packaging is intense, leading to a need to manage production assets, productivity and raw material costs. In specialty packaging there is a need to fulfill customer requirements with respect to packaging form function and design. Packaging is considered the segment with the healthiest demand growth especially in emerging markets. However, as a lot of companies have invested in this area capacities are growing faster than demand. With the current economic downturn additional stress will be put on achieving profitability.
StepChange is supporting packaging companies to define supply chain strategies, reduce costs of manufacturing, integrate acquired companies and manage and align the asset portfolio.