In this episode, Lindy Hughson, Publisher of Food & Drink Business and Sam Bakshi, Asia Pacific Integrated Marketing Manager and Sustainable Packaging Segment Leader at 3M, talk about how packaging can solve challenges that the food and drink industry faces today.
Sam speaks with Lindy about how automation in packaging is one of 3M’s long term areas of specialisation, and how they help food and beverage businesses grow and stay relevant, as well as navigate around the unique set of challenges that they face.
The discussion moves on to brand equity and packaging's importance for protecting it. Sam highlights the impact of the global pandemic on the industry and provides examples of successful businesses that are managing parallel objectives of protecting profits, their staff, and the community.
This leads on to the importance of environmental sustainability in packaging to the Australian community. Sam shares global sustainability market trends and drivers demonstrating that Asia Pacific region is leading the charge in this area. He discusses Lifecycle Assessments, End of Life and Packaging Recyclability Evaluations and details 3M’s strong environmental commitment.
The discussion moves to the economic climate and Sam highlights how businesses are managing their capital expenditure, return on investment, payback periods, free cash flow, gross margin, net margin & total cost of operation.
The conversation wraps up with Sam talking about 3M’s Virtual Packaging Exhibition and a prize that can be won for business engaging with the exhibition.
You can view 3M's virtual packaging experience and enter the competition to win a free packaging machine at: virtualpackaging.3m.com/au
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The Food & Drink Business Podcast is produced by Southern Skies Media on behalf of Food & Drink Business, owned and published by Yaffa Media.
The views of the people featured on this podcast do not necessarily represent the views of Food & Drink Business, Yaffa Media, or the guest’s employer. The contents are copyright by Yaffa Media.
If you wish to use any of this podcast’s audio, please contact Food & Drink Business via their website www.foodanddrinkbusiness.com.au or send an email to editor@foodanddrinkbusiness.com.au
MC: Grant McHerron
Host: Lindy Hughson
Editor: Chris Visscher
Producer: Steve Visscher
Food & Drink Business - © 2021
