Top Packaging Innovation Strategies

If you follow packaging innovations like I do, you might enjoy this article from Consumer Goods Technology:

In today’s difficult economic climate, consumer goods organizations are challenged to grow their businesses through innovation, but they often lack the capabilities or discipline to do so effectively. Packaging innovation from design to shelf is more important than ever considering that more than 75 percent of purchase decisions occur in store and the package is a key element that closes the deal. Therefore, organizations must develop a comprehensive, global packaging strategy that includes people, process and technology to meet today’s challenges.

On May 16th, 2013, during a CGT web seminar, Stephen Birtsas, senior manager for Kalypso, and Eric Seiberling, global marketing director for CPG-retail industry, Dassault Systèmes, discussed the top trends that impact packaging innovation, like globalization, sustainability and social responsibility. They also identified the top two barriers that hinder successful product packaging and artwork development. Here, we share highlights from the event:

– Birtsas kicked off the web event by reiterating why packaging is important for consumer goods companies. He noted that, when done right, packaging could drive sales, increase market penetration and reduce costs. “Twenty-two percent of consumer products companies attribute packaging errors to recalls and write-offs,” he revealed. Birtsas then detailed three critical components for successful packaging:

1. Package Design
2. Technical Development
3. Commercial Execution

“The ability to execute all three of these components flawlessly is what delivers successful packaging innovations,” he reinforced before presenting real-world examples of best practices and complications from brands like Coca-Cola.

Read the entire article here.