GOODPACK VALUE SERIES: ENABLING THE SUPPLY CHAIN OF THE FUTURE
Capital Cost and Administrative Savings
THE CHALLENGE: Reducing Capital & Administrative Costs
How can today's supply chain executives balance the cost and control challenges of global supplier networks with increased corporate pressures to limit spending while building customer-centric relationships? As industries globalize and supply chains become more immediate and complex, executives are searching for ways to move raw goods and finished products around the world safely, sustainably, and cost-effectively.
OUR COMMITMENT: CEO's Brand Promise
"The reality of a supply chain leader has changed dramatically over the past decade. There is now a seat at the Executive table for supply chain leaders who embrace changes brought on by globalization, environmental sustainability and provide solutions that achieve that delicate balance between controlling costs, ensuring visibility and committing to customer centricity. Goodpack comes to the table with solutions that eliminate redundancies, leverage new technologies and integrate intelligent solutions from producer to end user. Goodpack delivers solutions that address the fact that supply chains are becoming more complex, and therefore, more expensive to manage."
Eric Grégoire, CEO Goodpack
ADDING VALUE: Eliminating cost of non-core activities
Historically, how companies packaged, transported, and stored payloads developed organically from unique and specific needs. However, like many support services, at some point, carrying the capital and administrative costs related to non-core activities and processes distracts from an organization's primary business. Purchasing shipping containers, allocating roofline for storage and maintenance, and dedicating headcount to manage the operations, not only impacts the bottom line but becomes less efficient and more challenging to control the more complex the supply chain.
The business of packaging, shipping, transporting, and storing is no longer as straightforward as comparing the cost of limited use cardboard boxes, wooden pallets, drums and bins to owning a fleet of reusable containers. Growing companies need to recognize the total cost of ownership, including asset maintenance, accessories, warehousing, and scheduling.
Suppliers and packers can also expect to face additional capital costs as End Users modernize and automate their equipment and processes and demand basic levels of standardization across their supply chain. In fact, many major End Users in Goodpack's customer portfolio are at the forefront of ensuring payload visibility and tracking through technologies such as RFID tagging, digital Track-and-Trace, and cloud-based data management platforms.
Helping customers across vertical supply chains address these pressures and implement change is not new to Goodpack. For the past 30 years, Goodpack has worked with leaders in the natural and synthetic rubber, automotive, foods, liquids, chemicals, and consumer goods sectors to design and integrate solutions that simplify logistics, improve performance and reduce capital costs.
In Action:
Companies from around the world, and in highly varied industries, have benefited from Goodpack's ability to help them reduce capital and administrative costs with a circular business model based on streamlining packaging, handling, transportation, and storage processes. It is not surprising that many of Goodpack's most successful customers follow the tenants of Lean Supply Chain, Six Sigma, and the Circular Economy. All of these forward-thinking concepts focus an organization's commitment to eliminating waste of all kinds, including time, resources, and materials, to achieve the highest levels of cost control, operational efficiency, and sustainability.
In Action: Tyres
Reducing Storage Requirement and Labor Costs
In 2018, Goodpack announced its partnership with CEVA, an industry-leading logistics company that designs and operates supply-chain solutions for multinational companies. Our shared customer, a global tire manufacturer, dedicated to sustainable mobility, was faced with a unique storage and handling challenges. Large aviation tires must be stored and transported in an upright position. The tires are manufactured in a country, which has both extremely high warehouse rental rates and labor rates. Leveraging TyreCube®, a CEVA-Goodpack collaborative container solution, our customer was able to mitigate these costs as well as streamlining and simplify processes to enable short order-to-delivery cycles. The customer will continue to benefit from the Goodpack-CEVA partnership as we develop advanced technologies for payload content management and visibility.
In Action: Petrochemicals
Systems and processes eliminate uncontrolled container charges
Process improvement is fundamental to permanent capital cost savings, and Goodpack is driven to leverage its internal processes and develop innovative digital tools that allow customers to benefit from increased levels of reliability and visibility. Goodpack's comprehensive and controlled collection and depot network, and its ability to track its containers, significantly reduce instances of lost assets, and by doing so, reduces container replacement costs. High incidences of lost containers significantly impacted the Company's capital budget. Not only was the Goodpack team able to prove its depot network would minimize those costs, but it did so without any disruption in service – even managing to meet the Company's rigorous delivery schedule during the Chinese New Year when workforce shortages are common.
In Action: Component Parts
Automotive parts & systems manufacturer saves on storage and transportation costs
One of the world's largest manufacturing firms specializing in systems and products for the automotive and transportation industries recently reconfirmed its belief in Goodpack's circular/rental model. Based on superior storage and transportation processes in its European-based operations, the Company was able to optimize its warehouse space and reduce costs related to backhaul and reverse logistics. A new contract specifies that Goodpack containers are readily available at the Company's European plant for re-packaging, and shipped to many European and North American destinations."
INNOVATION
Since its inception in 1990, Goodpack has introduced a series of collapsible/nestable and stackable containers to serve our customers' needs. As a supply chain provider, we constantly reinvent ourselves through innovation to serve our customer better.
ContentView – Cloud-based Content Visibility:
There is increasing pressure on manufacturers in all industry sectors to know, track and trace the origins of raw materials to ensure ethical and legal compliance to international CSR - Corporate Social Responsibility - standards and norms. Content View provides tracking from raw material to end product by connecting the payload information with container information and providing data visibility and management via a cloud-based portal.
Scan Applications for track and trace of containers
As containers often travel far distances, it is vital that clients know the whereabouts of their containers and can follow up with respective parties to return them if not in use. It is also the customer's interest to know how long the container stays at the manufacturing site or warehouse to detect any abnormality. By scanning containers during inbound or outbound processes, the customer has visibility of containers movements and can analyze the distribution of their product.
Sustainability
Goodpack takes seriously its position as a supply chain partner that is truly end-to-end. We are involved from the village in Indonesia to the modern power plant in Europe; from the guava plantation in Honduras to the organic fruit juice producer in New York. It is a very long and complex global supply chain, and a company like Goodpack is the only constant throughout. Our responsibility to control and manage our carbon footprint is at the foundation of our business.
Goodpack's Value Series
As globalization begins to drive the success (or failure) of the world's food producers, equipment manufacturers, and industrial complexes, Goodpack provides holistic solutions that will enable the supply chain of the future. In this series, Goodpack addresses the benefits of delivering efficient, integrated, and sustainable supply chain solutions through a network of strategically located global deport and fleets of intelligent, returnable containers. To continue learning about how Goodpack is working with global organizations, please read the other articles in this series:
- Operational Efficiency & Safety
- Collaborative End to End Solutions
- Sustainability
