Jabil-Sponsored Survey Highlights Packaging Challenges and Opportunities
May 04 2017 - 3:00AM
Business Wire
Jabil to Co-Market Smart Auto-Replenish System
to Support Changing Consumer Preferences
Jabil Circuit, Inc. (NYSE: JBL) today announced the results of a
new e-commerce survey that forecasts the inevitable shift from
traditional retail to e-commerce channels and unveils key packaging
considerations for supporting a successful transition.
The survey, conducted last month by third-party research firm
Dimensional Research and sponsored by Jabil Packaging Solutions,
sought to reveal the evolving packaging considerations of brands as
focus on the new retail reality extends from store shelves to
online. More than 200 manufacturing professionals responsible for
packaging decisions participated in the survey, largely from
mid-size to large companies in the U.S., representing management
and executive-level decision-makers in such industries as consumer
goods, food and beverage, industrial, consumer health products and
electronics.
According to the survey, many brands are actively repositioning
their businesses to capitalize on the growth of e-commerce and view
packaging redesign as a centerpiece of their strategy. Notably, 91
percent of respondents viewed e-commerce sales as important to
their revenue models, and nearly 90 percent expect it to grow in
the next two years. Three-quarters of respondents saw consumer
convenience as the key driver for online purchases, with the ease
of replenishment being a clear second.
Respondents agree that new packaging technologies such as Radio
Frequency Identification (RFID) and Internet of Things (IoT) will
drive significant e-commerce packaging innovation in the coming
years, in part due to the strong demographic bent of the online
buyer. The survey indicates that the vast majority of brands
believe e-commerce buyers are younger and more tech-savvy.
“As e-commerce increasingly becomes the preferred channel for
consumer purchases, big brands are scrambling to position
themselves ahead of the competitive curve,” said Erich Hoch, CEO of
Jabil Packaging Solutions. “The survey reflects an industry in
transition and speaks volumes about the need for an evolving
supplier profile. As brand experience is redefined for e-commerce,
new models and packaging expertise will be required – including
design and manufacturing optimization and smart and consumer device
packaging solutions that support sustainability and leverage
digital technology platforms.”
“Jabil is ideally suited to lead the e-commerce packaging
revolution, with end-to-end precision packaging capabilities and a
50-year digital and supply chain legacy,” said Hoch.
To that end, Jabil Packaging will unveil its patent-pending
smart auto replenishment system at InterPack (booth #7,1/ C05), as
well as a new co-marketing agreement with Replenish, an e-commerce
pioneer that’s changing how liquid-based products are packaged,
purchased and shipped. Through its new system and agreement, Jabil
will support brand efforts to meet changing consumer preferences
for auto replenishment. Replenish Bottling’s patented Refill
System, a reusable bottle that attaches directly to a concentrate
refill pod, will feature smart and auto-replenish capabilities in
time.
“Replenish provides an ideal solution to the challenges that
plague brands transitioning to e-commerce,” said Jason Foster, CEO
of Replenish. “Problems associated with shipping goods through the
mail are prevalent – including breakage and leakage, plus other
such brand-impacting outcomes. Together with Jabil, we will enable
a seamless shift to concentrates that not only drives
sustainability, but also eliminates typical ‘bad’ liquid e-commerce
packaging challenges and cuts shipping costs.” By enabling
consumers to reconstitute products with common tap water, Replenish
supports the sale of household products online, shipped safely and
inexpensively to consumers everywhere.
About Jabil
Jabil is a product solutions company providing comprehensive
electronics design, production and product management services to
global electronics and technology companies. Offering complete
product supply chain management from facilities in 28 countries,
Jabil provides comprehensive, focused solutions to customers in a
broad range of industries. Jabil Packaging Solutions, a division of
Jabil, is a global leader in value-added packaging. Jabil common
stock is traded on the New York Stock Exchange under the symbol,
"JBL". For Further info, visit: jabil.com.
About Replenish
Replenish is the creator of the patented Reusable Dispensing
System designed to transform the way household products are
packaged, transported and consumed. For information on Replenish
and to find where products are sold,
visit www.myreplenish.com.
About Dimensional Research
Dimensional Research provides practical marketing research to
help technology companies make smarter business decisions. Its
researchers are experts in technology and understand how corporate
IT organizations operate. Its quantitative and qualitative research
delivers a clear understanding of customer and market dynamics. For
more information, visit www.dimensionalresearch.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170504005162/en/
JabilBeth Walters, 727-803-3511Senior Vice President,
Investor Relations &
Communicationsbeth_walters@jabil.comorAH&M Marketing
CommunicationsAccount ManagerJoe Bennett, 412-448-2260 Ext.
470JBennett@ahminc.com
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